Domain Group, a division of Australia's Fairfax Media, grew revenue by 33 percent and EBITDA by 40 percent in the financial year which ended on June 30, but couldn't keep Fairfax Media from pencilling in negative growth for a number of key indicators.
Aggressive expansion in the Latin American and Southeast Asian markets paid off for Carsales in FY2016, as was evident from the financial reports released earlier this week.
REA Group announced a 20-percent increase in revenue in its full-year results (to June 30), and attributed the growth to expansion in Southeast Asia and the continued push toward premium-product listings in its Australian residential business.
Melbourne-based technology company and job site LiveHire will expand its business to Southeast Asia soon, together with a still-undisclosed technology provider/partner.
Rumors swirled that Fairfax Media's Domain Group might be sold, or be split off, following an announcement that the classified site's financials will be separated from other print assets in the company's upcoming full-year results.
News Corp., REA Group and Move launched a network of real estate sites consisting of 12 sites operating in 56 countries.
Domain Group partnered with Real Estate Investar in distribution and marketing to gain audience and market share.
Gumtree Australia announced the launch of Gumtree Media, a data- driven advertising marketplace, in an effort to capitalize on the site's access to seven million visitors per month.
Brazil real estate platform VivaReal believes Pokemon Go can help brokers generate more leads.
Employment scams on legitimate and popular job sites, such as Seek and Gumtree, are on the rise, warned Australia's consumer watchdog.