News, REA make Move on US real estate

If you’ve been following REA Group, you’ll have got used to lots of fat margins and big profit numbers. So it might come as a shock to find that it and News Corp’s latest acquisition target – the US-based Move – made a loss in the six months to June. And it’s nothing out of the ordinary, with the company making an operating profit of no more than US$6m in any of the past five years despite sales hovering around US$200m. The performance reflects several things. The first is that it has been a tough few years for the US...

If you’ve been following REA Group, you’ll have got used to lots of fat margins and big profit numbers. So it might come as a shock to find that it and News Corp’s latest acquisition target – the US-based Move – made a loss in the six months to June.

And it’s nothing out of the ordinary, with the company making an operating profit of no more than US$6m in any of the past five years despite sales hovering around US$200m.

{{content.question}}

Mastercard

{{ twilioFailed ? 'SMS Code Failed to Send…' : 'An SMS verification code has been sent ...' }}

Hi {{ user.FirstName }}

Looks like you have already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to complete your SMS verification

We cannot send you a code via SMS to {{user.DayPhone}}

If you didn't receive SMS code please

SMS code cannot be sent due to: {{ twilioStatus }}

Please select one of the options below:

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device


Verify your mobile number to proceed…

Please check your mobile number below and press the Send Verification Code button. This will be used to complete your verification in the next step.

Please sign up for full access

Mastercard

Updating information

Please wait ...

Trial

Mastercard
{{ productPrice }} / day
( GST included )
Price $0
GST $0
Discount -{{productDiscount}}
TOTAL {{productPrice}}
  • Mastercard
  • Visa

Please click on the ACTIVATE button to finalise your membership

Mastercard

The email address you entered is registered with InvestSMART.

Please login or select "Don't know password"

Please untick this box when using a public or shared device


Register as a new member

(using a different email)

Related Articles