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.