Autohome Inc. (NYSE:ATHM), operator of one of China’s two online auto sites listed overseas, is looking leaner in its first quarterly report of 2017. While net revenue growth dropped off from the pace set in 2016, operating profits for Q1 increased 79.6 percent year-over-year, to RMB 347.3 million ($50.5 million U.S.) Net revenue increased by 23.3 percent year-over-year to RMB 1.35 billion ($195.9 million U.S.). While...
Scout24 Group AG (WKN A12DM8) released its Q1 figures today. Once again, AutoScout24’s (AS24) strong performance dominated the event. ImmobilienScout24 (IS24) also registered modest year-on-year revenue gains but saw a further drop in its core agents.
Melbourne-based Gooroo Ventures, the unknown, ASX-listed company operating IT jobs site Gooroo.io, matched 8,500 candidates with employers in Q1 of 2017, the company said in a recent trading update. The red ink flows. Still, the company launched Gooroo.io in the U.K. and U.S. in Q1.
REA Group (ASX: REA) revenue grew 16 percent in Q3 of FY2016/17 (the first three months of 2017) to $156 million AUD ($115 million U.S.) from Q3 of F2015/16, the group’s parent company News Corporation (Nasdaq: NWSA) announced in a trading update this week.
In China, three recruitment platforms announced investments in the past ten days. Each case reconfirmed the growing trend in Chinese recruitment, namely to look past the oversaturated white-collar and high-end sectors to the underserved blue-collar and “525” job-seeking populations.
Technology is surely a critical component of Zillow’s consumer and customer proposition, so it will always remain high. But if you’re anxious for Zillow to turn a profit, the relative flat growth is an important factor and a good signal.
Overall Q1 was a good quarter for Zillow --- not simply for headline revenue growth, but for the drivers behind that that signal a meaningful turn for the company towards sustained profitability. We examine the numbers with charts and a detailed analysis.
After acquiring CarWale from German media conglomerate Axel Springer for $120 million U.S. (Rs 790 crore) last year, CarTrade (owned by MXC Solutions) now made another strategic acquisition, when it bought Adroit Inspection, a vehicle-inspection and -valuation business, in an all-cash deal, reported Economic Times (ET). The exact value of the deal was not disclosed.
Axel Springer is now a 100-percent owner of the Belgian property site Immoweb.be, which generated €36 million ($40 million U.S.) in revenue in FY2016 and is valued at €150 million ($165 million U.S.), as reported by Belgian media.
MercadoLibre, a Latin American e-commerce and classifieds player operating in 19 countries, reported solid Q1 results with strong growth in revenue and net income, the company announced this week.
Moving aggressively ahead with its inorganic growth plans, Bengaluru-based online classifieds horizontal Quikr India acquired home-services start-up Zimmber (owned by Rejuvenate Solutions) for $10 million U.S. in an all-stock deal.