Domain’s digital revenues soar despite slowing property market

February 15, 2019 3:58

Domain Holdings has seen digital revenues jump 96% but a $178m write off in goodwill sent the business into loss for the first half of the 2018-19 financial year.

While the majority Nine-owned real estate media group reported a $156.4m net loss after tax, investors greeted the news enthusiastically and pushed the company’s shares up 18% in the hours following the announcement.

Domain CEO Jason Pellegrino said: “We are confident in Domain’s long-term growth prospects”

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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.

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