Tag Archives: news corp

Realtor.com chief brushes off major Q1 drop in traffic

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David Doctorow attributed Realtor.com’s reduced traffic to a slower market and argued that his company’s sites have superior engagement than competitors. Continue reading →

Realtor.com parent Move saw traffic and revenue fall in Q1

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Between January and March, Realtor.com had an average of 72 million unique monthly users — down 24 percent compared to one year earlier, according to the company’s first-quarter earnings report. Continue reading →

Eyes on inventory as Q1 earnings ramp up following a chilling 2022

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Jay McCanless, a senior vice president of equity research at Wedbush Securities, reveals what he’ll be watching as publicly traded real estate companies post Q1 earnings this week and next. Continue reading →

CoStar Group bucks sluggish market as revenue jumps 13% in Q1

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The company, which in recent years has been making inroads into the residential space, reported that both Homes.com and Apartments.com saw significant growth in the first quarter of 2023. Continue reading →

News Corp CEO vows to reenergize Realtor.com after CoStar deal dies

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In remarks at Morgan Stanley’s Technology, Media and Telcom Conference Tuesday, CEO Robert Thomson said growing Realtor.com after its sale to CoStar fell through is a “personal priority.” Continue reading →

Rupert Murdoch drops $30M on full-floor pad, Central Park views

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Murdoch, the News Corp founder and business magnate, has signed a contract to buy the entire 27th floor of the Hampshire House in Manhattan. It’s only his latest purchase in recent years. Continue reading →

CoStar will not acquire portal Realtor.com after all

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Buying Realtor.com was viewed as a potential way for CoStar to take on Zillow. But CoStar CEO Andy Florance said Tuesday that his company would instead focus on its Homes.com business. Continue reading →

Despite slow market, CoStar sees revenue and profit rise in Q4

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The company’s revenue jumped 13 percent year over year between October and December. CEO Andy Florance also promised Tuesday to continue CoStar’s push into residential real estate. Continue reading →

News Corp will slash 1,250 jobs following rough real estate earnings

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Move Inc. revenue fell $23 million in Q4, due to a drop in home sales and referral revenue, according to earnings on Thursday. The company confirmed it was in talks with CoStar about a potential sale. Continue reading →

CoStar considering purchase of Realtor.com parent: Report

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Acquiring Realtor.com would significantly advance CoStar’s push into residential real estate — and bring it into greater conflict with the industry’s existing power players. Continue reading →