Domain suffers revenue decline as print tumbles 35.2%

The challenging advertising and property markets have hit real estate listings and content portal Domain, with the group today announcing an underlying revenue decline of 10.9% for the first half of the 2020 financial year.

Print revenues – which contribute to 12% of the group’s overall revenue – were particularly hard hit, down from $27.3m in the first half of the 2019 financial year to $17.7m this time around, a decline of 35.2%.

Domain’s underlying results for H1 FY2020 (Click to enlarge)

Underlying earnings before interest, tax, depreciation and amortisation (EBITDA) for the group was also down, coming in at $47m, a decline of 8.9%.