Revenue drops, but profit rises at Agora
At Polish media group Agora SA gross operating profit rose from Q1 FY2012 to Q1 FY2013, despite the fact that revenue dropped, the company said today. The division Internet** (including classifieds portals such as Trader.com and Agora SA) reported a 24 percent rise in gross operating profit, even though revenue dropped 2.7 percent. Revenue added up to 25.1 million Polish zloty ($7.73 million...
Read MoreHigher sales, lower costs pull Morizon into black
Morizon SA, owner of Polish real estate search engine Morizon.pl, released its financial results for Q1 today and the picture looked good: revenue was up and costs down, for a small (very small) profit. The revenue of 348,746 Polish zlotych ($108,863 U.S.) earned in Q1 of FY2013 was 21 percent more than in Q1 of FY2012. The gross operating profit amounted to 5,582 Polish zlotych ($1,742 U.S.)....
Read MoreAOL’s Brand group grows revenue 14% YOY
While Patch.com expenses still dilute AOL profit, its Brand Group, to which Patch belongs, realized a 14 percent increase in revenue from Q1 2012 to Q1 2013. With its revenue-share collaboration with Zillow for rental and real estate listings and other classified efforts, however, future quarters could show additional advertising revenue from Patch. Here’s the earnings...
Read MoreGroupon moves beyond email alerts, expands ROI to all merchants
Clearly, Groupon is making smart moves. In Q1 of 2013 only 45 percent of Groupon’s Deals transactions came from e-mail alerts, pointing out that its transition from that tired old Daily Deals model is working. The Daily Deals veteran has created what it calls a Pool of Deals, from which consumers can draw via its Marketplace. This has taken the company from 1,000 Deals at the time of its...
Read MoreZillow plans massive advertising increase, realized 71% YOY revenue jump
No doubt about it – the U.S. real estate listing war is heating up, with Zillow CEO Spencer Rascoff announcing plans to increase the company’s primarily-TV advertising spend in the second quarter from a planned $5 million by another $4 or $5 million. For all of 2013, the increase will be at least $10 million, possibly as much as $15 million. Zillow’s recent advertising...
Read MoreZipRealty grows agents, registered users, drops revenue slightly Q1
ZipRealty Q1 2013 revenue dipped slightly from the same time last year, but there are several other positive signs for the technology-focused real estate brokerage. Monthly unique visitors grew to 2.7 million, registered users increased 27 percent, ZipRealty agents were up 2 percent and a total of 16 brokers have joined the Powered by Zip network. Here’s the announcement: ZipRealty...
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