{"id":122794,"date":"2025-11-07T11:14:07","date_gmt":"2025-11-07T11:14:07","guid":{"rendered":"https:\/\/www.newsbeep.com\/nz\/122794\/"},"modified":"2025-11-07T11:14:07","modified_gmt":"2025-11-07T11:14:07","slug":"rightmove-shares-plummet-as-ai-investments-to-hit-2026-profit","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/nz\/122794\/","title":{"rendered":"Rightmove shares plummet as AI investments to hit 2026 profit"},"content":{"rendered":"<p>Share in British real estate listing company <a href=\"https:\/\/www.cnbc.com\/quotes\/RMV-GB\/\" rel=\"nofollow noopener\" target=\"_blank\">Rightmove<\/a> plummeted as much as 28% on Friday after it warned of lower profit growth on the back of accelerated investments in artificial intelligence.<\/p>\n<p>Rightmove projected a operating profit growth of 3% to 5% in 2026, coming in lower than its forecast of 9% growth this year. The firm put the shrinking down to its AI investments as it upgrades internal systems and its consumer-facing app and search tools. It&#8217;s also looking at newer applications of AI, such as agents.<\/p>\n<p>The share move marks a new 52-week low for the firm, though it pared some losses and was last trading 12% lower.<\/p>\n<p>UBS analysts said the &#8220;strategic pivot poses important questions that the market will not yet have answers to&#8221; and moved its price target and rating for Rightmove to under review.<\/p>\n<p>This is a developing story. Check back for updates.<\/p>\n","protected":false},"excerpt":{"rendered":"Share in British real estate listing company Rightmove plummeted as much as 28% on Friday after it warned&hellip;\n","protected":false},"author":2,"featured_media":122795,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[365,363,364,2339,553,220,111,139,69,13081,85972,145],"class_list":{"0":"post-122794","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-artificial-intelligence","8":"tag-ai","9":"tag-artificial-intelligence","10":"tag-artificialintelligence","11":"tag-breaking-news-markets","12":"tag-business-news","13":"tag-markets","14":"tag-new-zealand","15":"tag-newzealand","16":"tag-nz","17":"tag-real-estate","18":"tag-rightmove-plc","19":"tag-technology"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/122794","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/comments?post=122794"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/122794\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/122795"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=122794"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=122794"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=122794"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}