Realtor.com suffers double-digit drop in revenue, traffic - News Summed Up

Realtor.com suffers double-digit drop in revenue, traffic


Realtor.com parent company Move Inc.’s revenue declined 16 percent to $142 million in the fiscal first quarter. Join us at Inman Connect New York Jan. 23-25, when together we’ll conquer today’s market challenges and prepare for tomorrow’s opportunities. Realtor.com parent company Move Inc. saw its fiscal first-quarter revenue decline 16 percent yearly to $142 million, according to an earnings release issued late Thursday. Realtor.com and CoStar Group’s rivalry also heated up during the quarter, as both companies battled over traffic data released before the third-quarter earnings rush. “Realtor.com is building on the gains of its predecessors and focusing on developing core markets, core clients and core profitability.


Source: Wall Street Journal November 10, 2023 16:11 UTC



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