Domain’s digital revenues soar despite slowing property market

Domain Holdings has seen digital revenues jump 96% but a $178m write off in goodwill sent the business into loss for the first half of the 2018-19 financial year.

While the majority Nine-owned real estate media group reported a $156.4m net loss after tax, investors greeted the news enthusiastically and pushed the company’s shares up 18% in the hours following the announcement.

Domain CEO Jason Pellegrino said: “We are confident in Domain’s long-term growth prospects”

Subscribe to keep reading

Join Mumbrella Pro to access the Mumbrella archive and read our premium analysis of everything under the media and marketing umbrella.

Subscribe

Get the latest media and marketing industry news (and views) direct to your inbox.

Sign up to the free Mumbrella newsletter now.

"*" indicates required fields

 

SUBSCRIBE

Sign up to our free daily update to get the latest in media and marketing.