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Rightmove's shares dropped 28% after it warned AI investments will slow profits in 2026 despite long-term growth goals.
Rightmove's shares fell up to 28% on the London Stock Exchange after the UK property platform warned that aggressive AI investments from 2026 to 2028 would temporarily slow profit growth, projecting a decline to 3-5% in 2026 despite 8-10% growth in 2025 and more than double earnings by 2030.
The company said AI would become central to operations, aiming to boost efficiency, data use, and user experience, with annual profit growth targeting over 12% by 2030.
Investors reacted negatively, reflecting skepticism over the scale and timing of spending, while the CEO reaffirmed confidence in AI-driven long-term leadership.
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Las acciones de Rightmove cayeron un 28% después de que advirtiera que las inversiones en IA ralentizarán las ganancias en 2026, a pesar de los objetivos de crecimiento a largo plazo.