Company News

MercardoLibre

MercardoLibre Delivers Strong Local Growth in Q2 But Offset by Strengthening USD

MercadoLibre has reported Q2 financial results for the period ended June 30, 2015 with revenues up 88.3% in local currencies. However the strengthening USD means overall consolidated reported revenues was up just 17% year on year to USD 154.3 million.

soufun-logo145

China’s Soufun Releases Q2 Results – Revenue Up 25.4% Year on Year

China's SouFun has released its unaudited financial results for Q2 showing revenues increased by year-on-year by 25.4% to $210.9 million while revenues for the first half increase 15.5% year on year to $334.3 million.

OnTheMarket

OnTheMarket Hits 5 Million Visits in July

OnTheMarket.com has published a press release claiming it had 5.2 millions visits in July - an increase of 18% over June when it had 4.4 million visits. It also claims it had more than 2.4 million unique visitors which was an increase of 17% on June’s figure of more than 2 million.

Axel Springer

Digital Businesses Drive Growth of Axel Springer in First Half 2015

Digital businesses have been a strong driver of growth for Axel Springer in the first half of 2015. They accounted for more than 60 percent to the total revenues and increased their share in the consolidated EBITDA to 75 percent.

150806 Mitula Group Growth

Mitula Releases FY 2015 Results – Beats Forecast

The Mitula Group has releases its financial results for the 12 months ended 30 June 2015 (“FY 2015”). Highlights include revenues of AUD 18.9 million, EBITDA of AUD 7.8 million and NPAT of AUD 5.8 million.

Zillow New

Zillow Beats Revenue and Adjusted EBITDA Forecasts

The Zillow Group has released its Q2 financial results showing revenue up 20% year on year to USD 171.3 million for the quarter and an adjusted EBITDA of USD 21 million. However, the company continues to make an overall loss and reported a GAAP net loss of USD 38.7 million.

HomeAway

HomeAway Reports Q2 Revenues Up 10% Year on Year (19% Before FX Impact)

HomeAway has reported its financial results for the second quarter ended June 30, 2015. Revenues were up 10.1% year on year to USD 125.8 million. On an FX neutral basis, revenues grew 19.2%. EBITDA decreased 27% (17.6% on an FX neutral basis) to USD 24.1 million.

Auction.com

Auction.com Sells USD 96 million Manhattan Towers Online

Auction.com has announced the largest transaction in its 8-year history and largest online real estate transaction ever: The $96.075 million sale of Manhattan Towers, a two-building, 309,734-square-foot office property in Manhattan Beach, Calif., a premier coastal community within Los Angeles.

150802 OnTheMarket Zoopla Rightmove Chart

Whoops – OnTheMarket Helps Strengthen Rightmove

OnTheMarket was launched 6 months ago and in that time we have seen a war of words between OnTheMarket and Zoopla. Meanwhile Rightmove has gone from strength to strength and has just released record results. Is this the record result of good operational performance or has OnTheMarket inadvertently helped Rightmove and started the move from a duopoly to a monopoly?

Three new speakers announced for Property Portal Watch Conference in Amsterdam

Property Portal Watch is pleased to announce that Gilles Blanchard, Imran Ali Khan and Lucas Vergas will be speaking at our 2015 European Conference in Amsterdam.