Company News

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.

CoStarGroup

CoStar Increases Revenues by 16% Year on Year

The CoStar Group has announced revenue for the second quarter of 2015 was $170.7 million, an increase of approximately 16% over revenue of $147.7 million for the second quarter of 2014.

Zimmber

India’s Zimmber Raises USD 2m in Funding

Zimmber, an Indian home services portal, has raised pre Series A funding worth $2 million from IDG ventures and Omidyar Networks, with participation from Ram Shriram through Sherpalo Ventures, TV Mohandas Pai, through Aarin Capital.

Rightmove1

Rightmove Delivers Strong Growth in First Half Revenues and EBITDA

Rightmove has released its half year results for the six months ended 30 June 2015 delivering a year on year revenue increase of 16% and a year on year operating profit increase of 18%.

Auction.com

Auction.com Helps Sell 5 Hotels Owned by Alena Hospitality

Auction.com and HREC Investment Advisors, have successfully sold five full-service hotels formerly owned by Orlando-based Alena Hospitality during their online event on July 23rd.

Idealista

Apax Partners Invests into Spain’s idealista while Tiger Global Exits

Funds advised by Apax Partners have agreed to acquire the idealista shares held by Tiger Global Management, Kutxabank and Bonsai Venture Capital.