Financial results

Naspers “prioritizes” fast-growing classifieds business

In the financial report for the first half of FY2015, released by Naspers today, the big news was the performance of the division e-commerce, and the big revenue contribution of Tencent. Naspers includes its classifieds businesses in the division e-commerce, and this time around the company didn’t give separate revenue numbers for classifieds. But, all critical performance indicators (CPIs)...

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Morizon Group revenue up 604% in Q3

blackjack games 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 Q3 of FY2014. The increase in revenue from Q3 FY2013 to Q3 FY2014 amounted to 604 percent. In Q3 Morizon earned revenue of 4.5 million Polish zloty ($1.3 million U.S.). Comparing three quarters of 2014 and 2013,...

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Not a word about classifieds in Rocket’s H1 results

Rocket Internet released its financial results for the first half (H1) of FY2014, and anyone who expected a progress report on the classified businesses in the group would have been disappointed. Rocket Internet decided to only report progress made by its so-called ‘proven winners’. And worse: Since the classified brands belong to four Regional Internet Groups (RIGs), and Rocket...

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News Corp completes buy of Move Inc.

Global media giant News Corp. has closed its deal to acquire Move Inc., parent of Realtor.com, for $950 million. This content is available to Classified Intelligence Report clients. Want to know more about becoming a client? Click...

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Yahoo to acquire BrightRoll

Yahoo to Acquire BrightRoll Creates the largest digital video advertising platform SUNNYVALE, Calif. & SAN FRANCISCO–(BUSINESS WIRE)– Yahoo! Inc. (NASDAQ: YHOO) and BrightRoll, Inc. today announced a definitive agreement for Yahoo to acquireBrightRoll, a leading programmatic video advertising platform. The transaction will combine Yahoo’s premium desktop and mobile...

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Trinity Mirror interim results meet expectations

Trinity Mirror’s interim management statement released this morning reveals a deepening print revenue decline which is only being partially offset by positive digital growth. The company believes the figures are in line with expectations and keep it on path to offer shareholders a year-end dividend of 3p per share. The decline in print revenue worsened from two percent for the first half of...

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