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Rightmove (OTCPK:RTMV.F) Earnings Call Presentation
2025-11-07 09:30
Business Strategy and Growth - Rightmove aims to develop the leading digital ecosystem for the entire moving experience, leveraging data and network effects[6, 22] - The company sees a >£10 billion opportunity in Afford, Transact, Move, and Lifecycle segments beyond Find, supported by long-term growth trends like UK population growth of +450k adults p.a and constrained home supply of +250k p.a[3, 20] - Strategic Growth Areas have delivered revenue growth rates at 3x Core, progressing towards large business opportunities[17] - Rightmove's consumer-driven network effects are strong, serving as a powerful engine for future growth[17] AI and Technology - AI is now central to all Rightmove's operations, with 27 in-flight AI initiatives across Core Partner, Consumer, and New Growth areas[34, 35, 36] - The company is investing to accelerate consumer innovation, AI-powered operations, and R&D for new growth, with a focus on enhancing network effects and operational efficiency[38] - Rightmove leverages scaled, proprietary, and connected data to create unique value through data loops, AI modeling, and AI-powered products, resulting in >50% uplift in accuracy[28, 31, 32] Financial Performance and Outlook - Rightmove is making a focused £12 million P&L incremental investment in 2026[65] - The company anticipates revenue growth of 8% to 10% and underlying operating profit growth of 3% to 10% during the investment stage guidance (2026-8)[69] - Rightmove expects EPS growth of 5% to 12% during the investment stage (2026-8), with an ambition for ≥15% growth by 2030[69]