Financial results

China’s SouFun announces Q1 2015 results

SouFun Holdings Ltd, the leading real-estate Internet portal in China, is ready to face sharp decreases in its net income while it continues to expand its e-commerce business. “SouFun is aggressively penetrating into new home, resale and rental, and home furnishing transactions across China’s major cities.” said Vincent Mo Tianquan, the company’s chairman and CEO. “We...

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Zoopla positive, despite client exodus

Zoopla Property Group, the digital media business and operator of leading U.K. real estate sites, including Zoopla and PrimeLocation, released its results for the six months to end-March 2015. The group reported higher profits, with total sales up ten percent to £42 million ($65.3 million U.S.) from the same period in FY2014. The group suffered heavy losses in the total number of agents (down 16...

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Healthy growth for Morizon Group in Q1

Morizon Group, owner of Polish real estate search engines Morizon.pl and Nportal.pl and several other real estate classified sites, released its financial results for Q1 of FY2015. The increase in revenue from Q1 FY2014 to Q1 FY2015 amounted to 25 percent. In Q1 Morizon earned revenue of 3.5 million Polish zloty ($986,238 U.S.). Last year it was 2.8 million Polish zloty ($789,763). Thanks to this...

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Yandex releases healthy Q1 results

Russia’s Internet search giant Yandex returned solid results for Q1 of FY2015, with $211 million U.S. in revenue in the first three months of this year. The company, which has sizable interests in online classifieds including recruitment, auto and real estate platforms, has taken a hit on display advertising, but other indicators remained in good health. “Despite a challenging...

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Vocento grew its revenue in Q1

Spain’s Vocento Media Group published positive Q1 results. Vocento owns several leading Spanish classified sites, including InfoEmpleo.com, Autocasion.com, Pisos.com, AvanzaEnTuCarrera and TusAnuncios.com. Vocento reported the EBITDA loss in classifieds was reduced from €218,000 in Q4 2014 to a loss of €174,000 in Q1 2015. The report said it was “an era of expansion” with a...

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Speculators behind Xing’s share price rise?

In the 12 months to March this year Xing, the biggest professional network in the German-speaking region of Europe, became a lot more profitable. But, probably not enough to justify the 68-percent increase in the share price in the same period. There must still be people around who expect Xing to eventually capitulate to LinkedIn. Total revenue climbed 29 percent from €23 million ($26 million...

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