Rightmove Shares Slide Over Major AI Investment

Rightmove’s share price has fallen by more than a quarter after the UK’s biggest property portal told investors it will slow near-term profit growth in order to fund a major new programme of artificial intelligence investment.

Rightmove Shares Plunge

Rightmove used its early November trading update to outline a significant shift in strategy, announcing plans to spend around £60 million over the next three years on AI-driven upgrades to its platform, tools and internal systems. The company said this investment is central to how it intends to run the business, improve its product suite and position itself for higher long-term growth.