Rightmove avoids FTSE 100 blow despite share falls
The portal was listed among companies expected to drop out of the top 100 firms on the London Stock Exchange, but avoided the final cut.
Rightmove has avoided the embarrassment of dropping out of the prestigious FTSE 100 despite further falls in its share price.
The portal had looked set to be relegated from the top 100 firms on the London Stock Exchange when it was included in a list of possible drop-outs last week.
But unlike airline EasyJet, which was also listed and has since now fallen out of the 100, Rightmove retained its place when the final cut was made.
AI investment
FTSE Russell, a subsidiary of the Stock Exchange, made the call just a few days after Rightmove announced its year-end results.
Its revenue and profits rose 9% in 2025 as estate agency partners increased spending on top-tier packages and additional products.
It also unveiled its own ChatGPT property search app as it attempts to see off the threat from AI.
Five-year low
Shares in the portal plummeted in November following a trading update which revealed it is planning to spend £60 million over three years on AI and product development that would impact profits.
It forecasted growth of 8–10% in revenue and 3–5% profit this year as it moves through what it calls an “investment phase”. The additional spending, it said, would support “double-digit profit growth” in later years.
The portal’s share price has been dropping consistently over the last few months, and reached a five-year low level in February.
