News Corp. reports solid digital real estate earnings despite Q1 losses

  • Total company revenues of $1.9 billion were down from $2.0 billion last year.
  • News Corp. CEO reported "a record 1.5 billion views" on realtor.com in Q1, with minutes spent on the portal also increasing 30 percent year-over-year.

News Corp. — the parent company of real estate portal realtor.com’s operator, Move Inc. — reported declining year-over-year revenue in the first quarter of 2016 (the third quarter of News Corp.’s fiscal year). Total company revenues of $1.9 billion were down from $2.0 billion last year. The company reported a loss of $149 million overall in the quarter.