Domain suffers $6.2m net loss after tax due to separation costs as it looks to merger with Nine

Domain has reported revenue of $286.6m and a net loss after tax of $6.2m in its statutory results. The loss can largely be attributed to its separation from Fairfax, which saw it list on the ASX in November.

Domain, however, said it had much to look forward to – including incoming CEO Jason Pellegrino starting his role at the end of the month, the proposed merger between parent company Fairfax and Nine, and the results of a number of key marketing initiatives. 

Domain competes against REA Group, which is majority owned by News Corp

Unlike main competitor REA Group, which specifically broke out how much it spent on marketing in its results to reveal a 23% increase over the financial year, Domain instead focused on its marketing initiatives, rather than the numbers.