Realtor.com Traffic Climbs 14%, Boosting News Corp Revenue

Realtor.com Traffic Climbs 14%, Boosting News Corp Revenue

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Inman Connect San Francisco, Jul 16-20, 2018

For the second quarter of fiscal year 2018, News Corp, the global company that owns and operates realtor.com through its subsidiary, Move Inc., reported $2.18 billion in revenue for the second quarter of fiscal year 2018, up 3 percent from $2.12 billion the year prior, and a net loss of $66 million compared to $212 million the year prior. This growth was driven largely by the company’s accelerating digital real estate services segment, which posted 21 percent year-over-year revenue growth to a total of $50 million. Traffic to realtor.com increased 14% year-over-year to over 50 million users.



“Our digital real estate services businesses continue to thrive, with flourishing audiences, strong lead volume, and product enhancements benefiting both consumers and agents.” commented News Corp Robert Thomson in the earnings announcement.

Developing……

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