Rightmove (OTCPK:RTMV.F) Trading Update Summary Company Overview - Rightmove has been a leader in the U.K. estate agency and new homes market for over 25 years, leveraging exceptional network effects to deliver value to partners and consumers [1][2][4] Key Industry Insights - The U.K. property and home moving services market is valued at approximately GBP 10 billion, with significant opportunities for digitization and efficiency improvements [19][20] - Rightmove's brand awareness exceeds 90%, with 85% of traffic being direct and organic, indicating a strong market position [23] Core Business Performance - Residential find constitutes 90% of Rightmove's total revenue, with a strong focus on maintaining leadership in this area [4][6] - The strategic growth areas (SGAs) contributed around 7% of revenue at the half-year mark, with expectations of sustainable growth rates of 20-30% in the long term [6][53] Financial Performance and Projections - Rightmove aims for 8-10% revenue growth through the investment stage to 2028, with a goal of achieving sustained double-digit growth by 2030 [52][55] - The company plans to invest approximately GBP 12 million in 2026 and a total of GBP 40 million over three years to support growth initiatives [48][49] Technological Advancements - Rightmove is modernizing its platform, transitioning to a cloud-based infrastructure, and enhancing its data capabilities [7][40] - The company is infusing AI into its operations, with 27 prioritized AI projects aimed at improving consumer and partner experiences [29][31] Product Development and Innovation - Rightmove is focused on enhancing consumer engagement through AI-powered features, including personalized search experiences and integrated mortgage tools [34][35] - The launch of the Online Agent Valuation (OAV) product aims to streamline the home valuation process for both consumers and agents [17][18] Strategic Growth Areas - Rightmove is expanding its offerings in commercial property, mortgage solutions, and rental services, with significant operational milestones achieved in these segments [9][10][11] - The company is committed to exploring new wallet areas across the home-moving journey, with a focus on enhancing the network effect [46] Investment Strategy - Rightmove's investment strategy prioritizes consumer innovation, operational efficiency, and strategic R&D to drive future growth [31][32] - The company maintains a disciplined approach to capital allocation, ensuring that every investment delivers tangible business impact [51] Conclusion - Rightmove is well-positioned to capitalize on the evolving landscape of the U.K. property market, leveraging its strong brand, data capabilities, and commitment to innovation to drive future growth and shareholder returns [58]

Group 1 - The average home price in the U.S. is approximately 46% higher than pre-pandemic levels [1] - Home values have increased in the Midwest and Northeast regions, while the South and West regions have experienced declines [1]