Tag: Financial results


Avito carried Kinnevik in FY2013

Avito carried Kinnevik in FY2013

General classifieds platform Avito was one of the bright spots in the Kinnevik Q4 report that was presented last Friday. We already reported on the Kinnevik valuation of Avito earlier last week, which added another SEK 742 million ($115 million U.S.) in Q4 to Kinnevik's net asset valuation of it


Move, Inc. introduces free rental listings

Move, Inc. introduces free rental listings

On the Q4 2013 and year-end earnings call Move, Inc. CEO Steve Berkowitz announced the change from paid to free Move.com  and Realtor.com rental listings for property managers.  (Rentals posted to Move.com appear on Realtor.com as well.) "This year while we accelerated our investment in rentals, we are also shifting . . . to a hybrid [business] model that will include cost for leasing," Berkowi


Trulia still in red but getting ahead

Trulia still in red but getting ahead

The bad news for real estate and rental service Trulia is a 2013 net loss of $17.8 million, partly due to increased marketing spend in the fourth quarter. The good news: a fourth-quarter record revenue jump of 142 percent. Its Market Leader acquisition helped boost the revenue. Trulia CEO Pete Flint called 2013 a "tremendous year" for Trulia, with a 61 percent year-over-year (YOY) incr



Alma Media’s digital business in the black in FY2013

Revenue growth of Alma Media's division Digital Consumer Services, which houses the classified business of the company, contracted slightly in Q4 of Fy2013. Over the full financial year 2013, the segment's profit stayed in the black. In Q4 of FY2013 revenue of the Digital Consumer Services segment amounted to €13.8 million (2012: €14.0 million), down 1.2 percent. It was impacted by the devaluat


McClatchy classified revenue dips YOY, all verticals

McClatchy classified revenue dips YOY, all verticals

For all of 2013, The McClatchy Company realized a year-over-year drop in classified advertising revenue of 6.4 percent, with recruitment advertising in both print and digital dropping YOY.  Print automotive ads tanked 22.4 percent, though digital auto ads were up 10 percent. Real estate advertising dropped the least, at 3.9 percent overall. McClatchy is focused



Schibsted announces game-changing deals in Spain, three other markets

Schibsted surprised the classifieds world today by announcing three new deals, and a business-model shift at one of its most important sites, that make major changes in the world of classifieds in four countries. On one hand they are about consolidation, and on the other they are about defending Schibsted's leading position in classifieds …


Valuations of Avito vary from $1.1 to $3 billion

Valuations of Avito vary from $1.1 to $3 billion

No, he didn't sell ten percent of his stock options in Russian general classifieds platform Avito because he had lost faith in the platform, Avito co-founder Jonas Nordlander told us in a Skype chat. “We have been in Avito for seven years and have invested heavily in it. Now we just sold a small part and will keep 90 percent," said Nordlander. (Read our

CareerBuilder NA revenue up 3% YOY

CareerBuilder NA revenue up 3% YOY

CareerBuilder reports its North America revenue to the AIM Group in two ways - with and without the listing sales generated by its approximately 124 newspaper partners. For Q4 2013 CareerBuilder's North American revenue, including that generated by newspaper staff,  was $171 million. That represented a 1 percent drop from the prior quarter, but a 3 percent increase year-over-year (YOY.) Disc



Revenue and profit drop at Sanoma

The net sales and profit of the division Sanoma News (including the classified business Sanoma Digital Finland, with the online auction platform Huuto and marketplace Oikotie) dropped in Q4 of FY2013 for the second quarter in a row, to complete the year below FY2012 levels. In Q4 net sales in this division decreased by 7 percent from €107.6 million in FY2012 to €100 million ($136 million U.S.)



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