News Corp. falls short on revenue, touts ‘healthy growth’ in real estate services

News Corp., the parent company of Move’s realtor.com and Australia-based REA Group, beat analysts’ expectations Thursday, posting adjusted third quarter fiscal year 2019 earnings of 4 cents per share, compared to the consensus estimate of 1 cent per share. However, the company also reported a total revenue of $2.46 billion, which fell below expectations of $2.5 billion.

News Corp beats consensus, reports quarterly revenue growth of 21%

News Corp, the parent company of Move’s realtor.com and Australia-based REA Group, reported Thursday that its revenue grew to $2.63 billion during the final three months of 2018, representing a 21 percent year-over-year increase.

News Corp. appoints new president of global digital real estate

Tracey Fellows, who led Melbourne-based, News Corp.-owned REA Group for four years, will now oversee all of the corporation’s digital real estate services, including Move, Inc., and REA Group, which includes iProperty in Asia and PropTiger and Housing….

How realtor.com just got way better at lead conversion

News Corp., owner of realtor.com, announced the $210 million acquisition of lead qualification service Opcity. With this acquisition, realtor.com dives deeper into the lead conversion funnel in a major way.

Home Price Cuts Increase, but Still Not Buyer’s Market

Realtor.com® has announced the findings of its August housing trend report which revealed a surge in price cuts and the second largest drop in the U.S. median list price in three years. Although competition between buyers remained stiff and list prices continue to rise, the report also revealed a slowdown in price growth and easing […]

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News Corp’s digital real estate services grew 19% in fourth quarter 2018

News Corp’s digital real estate services, which include Move’s realtor.com and Australia-based REA Group, announced its fourth quarter fiscal year 2018 results Thursday, which boasted $2.69 billion in revenue — a 29 percent increase from the year prior.

News Corp’s digital real estate services reports 27% growth, net loss $1.1B

News Corp’s digital real estate services, which include Move’s realtor.com and Australia-based REA Group, announced its third quarter fiscal year 2018 results Thursday, which boasted $2.10 billion in revenue — a 6 percent increase from the year prior.

Real estate hires and promotions: March 2018

March 2018 is already witnessing an array of real estate industry hires and promotions. Who’s making moves? Which businesses are bringing in new blood or creating fresh positions? Here’s a rundown of some recent HR news across the board …

Rebuild or buy new? 6 factors to consider after a natural disaster

Hurricanes took “a toll on over 270,000 homes” this year. In Texas and Florida alone, damage is expected to exceed $150 billion. Such numbers aren’t isolated to one or two events. Other hurricanes, wildfires, tornados and other natural disasters happened in 2017 that led to even more damages and repair costs across the nation …

Rebuild or buy new? 6 factors to consider after a natural disaster

Hurricanes took “a toll on over 270,000 homes” this year. In Texas and Florida alone, damage is expected to exceed $150 billion. Such numbers aren’t isolated to one or two events. Other hurricanes, wildfires, tornados and other natural disasters happened in 2017 that led to even more damages and repair costs across the nation …