Domain earnings update reports revenue slump as property downturn bites

April 30, 2019 12:42

Majority Nine-owned Domain has reported a 6% slump in revenues in a market update released this morning.

The fall, announced as Nine revealed the sale of its community newspapers to former Domain CEO Antony Catalano, comes on the back of a 13% decline in residential sale listings during the March quarter.

Domain CEO Jason Pellegrino, said agent upselling and enhanced consumer products were offsetting the decline in listing volumes.

Be a member to keep reading

Join Mumbrella Pro to access the Mumbrella archive and read our premium analysis of everything under the media and marketing umbrella.

Become a member

Paul Wallbank

Paul Wallbank was news editor at Mumbrella between June 2017 and June 2019. Previously he's covered business and technology issues for outlets ranging from The Australian and Sydney Morning Herald to the ABC and Business Spectator.

Topics

1 COMMENTS

Craig 10 Jun 19

Alot of work will be required to catch up-to REA!

User ID not verified.

Latest

Stop calling it 'organic': A plea for honesty in digital marketing

The BOM's horrible new site provides a great comms case study

Yahoo tells advertisers to call off the search

NSW revives ‘shocking’ 13-year-old UK campaign for new anti-tobacco push

Unmade Index ends the week on an uptick, but loses 5% across October

Domain earnings update reports revenue slump as property downturn bites

Get the latest media and marketing industry news (and views) direct to your inbox.

Sign up to the free Mumbrella newsletter now.

SUBSCRIBE