Realtor.com parent company Move logged the seventh consecutive quarter of annual revenue gains on Wednesday, sustained by the portal’s push on premium products, including RealPRO Select and Realtor.com+.
Move’s fourth-quarter revenue increased 13 percent to $167 million, while the full-year revenue increased 11 percent to $610 million. News Corp, which owns Move, operates on a fiscal year that ends on June 30.
Robert Thomson
“Its success comes as premium offerings have expanded and yield has been increasingly optimized,” News Corp CEO Robert Thomson said during the company’s earnings call. “The emphasis on high quality leads, combined with AI-inspired product innovation and assiduous assistance for buyers, sellers and Realtors, have transformed the business’s fortunes…”
Move’s recent performance represents a significant turnaround for the company, which hit a rough patch from 2022 to 2024 as it navigated market headwinds and increased pressure from new entrant, CoStar’s Homes.com.
News Corp pulled its Australian publishing Chief Operating Officer Damian Eales into the helm at Realtor.com in 2023, charging him with the task of pulling the once-leading portal back to the top.
Since then, Eales and his team have sharpened Realtor.com’s portfolio of lead products, released a steady stream of artificial intelligence-powered home search features, and better leveraged the portal’s consumer news arm and relationship with the National Association of Realtors.
”It’s a tribute to Damian Eales, and the team at Realtor.com, in particular, in the way that the site has been developed,” Thomson said. “I mean, people talk about moats in the AI age; moat is a strangely medieval concept.”
“What Realtor.com has been creating, there’s a chasm between itself and other companies, because of the way that they’ve been building proprietary IP, that no AI engine can legally scrape,” he added. “It’s trusted, truthful information. It’s crucial for customers.”
Damian Eales | Credit: Realtor.com
In a blog post, Eales dove deeper into the earnings results, focusing on Realtor.com’s consumer engagement and updates on Realtor.com+.
The portal’s Q4 average monthly unique users decreased 6 percent year over year to 68 million.
Although there are fewer average monthly unique users, Eales said those users are more engaged, with Comscore data showing that Realtor.com drove 7X the visit share of Homes.com and 2.5X Redfin, and remained No. 1 in audience engagement at 5.5 visits per unique visitor.
“Rising visit share, industry-leading engagement, and growing revenue all add up to consumers finding what they need, and more opportunity flowing to the agents who serve them,” he said. “It’s exactly what we set out to build three years ago.”
Eales said all of Realtor.com’s latest moves—including RealAssist AI, an upgraded My Home dashboard, pre-marketing partnerships with eXp Realty and Zillow, and the ‘Let America Build’ campaign—are all in the service of creating a more transparent marketplace for consumers and Realtors.
“We’ve long said that an open marketplace – one built around transparency and broad access – is what’s best for consumers and the industry, and last quarter we backed that up with action,” he said. “With market-leading results and a clear vision, we’re entering FY27 from a position of strength. We’re confident not only in our future success, but in the role Realtor.com can play in moving the industry forward.”
Editor’s note: A previous version of this story included outdated CEO commentary. It has been updated with the correct commentary for Q2.
