Move parent company News Corp. said revenue declines were primarily due to customer billing relief measures and a weakened real estate market
David Doctorow says realtor.com can contribute to 'helping consumers think about making great homes and, when needed, sell homes' in partnership with the industry
Although News Corp.'s revenues dipped down to $2.27B, realtor.com saw average monthly unique users of its web and mobile sites grow by 6% year over year
Opinion
Attempts to compete directly with the leading portals — from both upstarts and financially strong runner-up portals — have met with limited success
The parent company of realtor.com owner Move also said revenue from its real estate services declined 5% year-over-year
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The owner of both Move and 'The Wall Street Journal' brought in $2.34B in revenue during the final months of the summer
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The parent company of realtor.com operator Move Inc., said in its Q3 2019 earnings that it grew real estate services revenues despite 'volatility in the U.S. and Australian property markets'
The owner of Move's realtor.com has relied on its fast-growing digital real estate services sector to boost its revenues
Tracey Fellows, who served as CEO of News Corp.'s REA Group, will now lead department over realtor.com
News Corp.'s acquisition of Opcity is huge because it has a referral fee business model where customers are worth 36x more than a lead
CEO Robert Thomson says there's plenty of room for Move and realtor.com to grow, promises not to "usurp" Realtors
News Corp CEO said realtor.com and REA are a core part of the company's success and referenced Zillow's move into the iBuyer industry