Financials / Deals


Xing buys popular candidate management system

Xing buys popular candidate management system

Hamburg-based Xing, operator of the leading online business network in German-speaking countries, purchased Vienna-based Prescreen.io for €17 million ($19.4 million U.S.). Prescreen offers a candidate management system to a growing list of well-known companies in the German-speaking region.


Revenue of Rent.com.au on steep growth trajectory

Revenue of Rent.com.au on steep growth trajectory

Listed Australian rentals site Rent.com.au released a preliminary financial update to the Australian Securities Exchange (ASX) on July 7, which showed so-called "continuing revenue" (a portion of total revenue) had climbed to $1.3 million AUD in FY2017 (to end June). A comparative number for FY2016 was not released. But, with total revenue in FY2016 at $748,500 AUD, we can expect a handsome y-on-y rise in total revenue in FY2017, when the audited report for the FY2017 is released on July 24.


Encuentra24 performance indicators

FDV explains how it makes investment decisions

Frontier Digital Ventures recently announced that it will exercise an option to increase its ownership in general classifieds site Encuentra24 (operating in Central America) from 38.7 percent to 42.1 percent for a cash payment of $1.1 million U.S. out of FDV's existing cash reserves. This is the second time in about six months that FDV injected capital into the site. In December last year, FDV also injected capital into Encuentra24. On what basis does FDV make these decisions?


In China, Baixing.com reports huge profit for FY2016

In China, Baixing.com reports huge profit for FY2016

Baixing.com, one of China’s leading classifieds sites, released its FY2016 annual report this week, and it revealed a net profit for the Shenzhen-based company in FY2016 of 11.2 billion RMB ($1.7 billion U.S.). This was the first time Baixing released an earnings report, and the first time it made a profit over the period of a full financial year.


Auto.ru buys 33 auto sites from Hearst Shkulev Digital

Auto.ru buys 33 auto sites from Hearst Shkulev Digital

Auto.ru, one of Russia's leading auto verticals, purchased thirty-three, regional auto sites from media company Hearst Shkulev Digital (HSD), for what is believed to have been around $8.5 million U.S.. The deal will also see the two companies enter into a partnership. While the purchase was effectively made by parent company Yandex (YNDX), the deal was driven by Auto.ru.


Purplebricks doubles revenue, halves loss

Purplebricks doubles revenue, halves loss

Purplebricks Group, the online estate agency, reported a doubling of its revenue and a halving of its pre-tax loss in FY2017 (to end-April). The company is listed on the Alternative Investment Market (AIM), a sub-market of the London Stock Exchange, with the ticker symbol PURP. It operates in the U.K., and Australia, and plans to launch in the U.S. later this year.



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