Fairfax Media: Interim result 2016

Domain is proving to be a standout business but it’s being weighed down by Fairfax’s legacy assets.

It is a measure of how far Fairfax Media has transformed itself that, in 2016, property listings business Domain will generate more of its earnings than any other division. Back in 2013, Domain generated earnings before interest, tax, depreciation and amortisation of $41m, placing it last out of four major divisions.

This year, after reporting EBITDA of $66m in the first half, the full year figure will certainly exceed $100m, significantly above our $95m estimate from the sum-of-the-parts table in Fairfax Media’s prime real estate.



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