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REA Group Ltd (ASX: REA)
Digital media company specializing in property space, REA Group Ltd is expected to release its first half-year results for FY19 on 8 February 2019. The results pertain to six months period from 1 July 2018 to 31 December 2018.
In the recently released quarterly results, the company posted revenue growth of 17% to A$221.9 million for the three months ended 30 September 2018. The growth in companyâs revenue was primarily driven by its Australian Residential business and the addition of Hometrack Australia business acquired in June 2018. Also, it underscores the âfull quarterâ contribution from the companyâs Smartline business compared to the previous corresponding period in which the business has contributed for just two months.
Q1 FY19 EBITDA of the group increased to $130.9 million, up 23% on previous corresponding period. The companyâs online property portal ârealestate.com.auâ has witnessed a strong audience lead in the first quarter of Fiscal 2019, reporting 2.7 times more visits compared to its closest competitor.
REA Group Chief Executive Officer, Tracey Fellows, stated that there had been continuous audience engagement across all platforms. Mr Fellows added that the strong results achieved during the quarter, despite challenging market conditions, underscores the substantial support of customers in the product of the company.
However, the company has seen a downtrend in its residential listing during October, representing an overall decline of 2% with a plunge of 12% in Sydney.
Further, the company confirmed that the Hometrack Australia business remains on track to deliver the FY19 revenue guidance of between $14 million ? $16 million and EBITDAÂ between $6 million ? $7 million.
REA surged up by 1.248% to last trade at $77.070 on 5 February 2019. The stock price has increased marginally by 3.48% over the past 12 months.
Domain Holdings Australia Limited (ASX: DHG)
Domain Holdings Australia Limited is due to release its 2019 half-year results on 15 February 2019. Also, the webcast of the results is also scheduled to be presented on the same date.
Recently, Domain announced that its commercial real estate business has inked an agreement with Commercialview.com.au Limited to acquire 100% of shares in CommercialView. The consideration for the transaction has been set to the range of $4.2 million and $17.2 million, depending on future contingencies.
The takeover has taken place through a 70% owned subsidiary of Domain Holdings Australia Limited, CREM or Commercial Real Estate Media Pty Limited. It is said to be line with CREMâs strategy to increase its market share in real estate sector while reporting strong growth in earnings.
CommercialView is a digital platform for the listing of commercial properties. The consideration payable in settlement of acquisition will reportedly be made in three tranches, including the payment of $4.2 million made at the time of completion, i.e., 21 December 2018.
In todayâs trading session, DHG stock price plunged by 5.172% to last trade at A$2.220 on 5 February 2019. Further, the stock has fallen by 25.40% over the past one year.
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