Overview
- The FTSE 100 portal will invest £60 million over three years to build AI-led products and capabilities.
- New guidance sets 2026 underlying operating profit growth at 3–5% with revenue expected to rise about 8–10%.
- The stock dropped to roughly 524p in early trading, erasing about £1 billion in market value.
- Rightmove agreed a multi-year deal to deploy Google Cloud’s Gemini and Vertex AI across its platform.
- Management reaffirmed 2025 goals of about 9% revenue growth and a ~70% operating margin, as analysts split between a Peel Hunt buy call at 885p and caution from others.