NewsCorp's 2017 first quarter financial results indicate growth within its digital real estate service segment, with an 18% year over year revenue increase.
Move Inc is a realty subsidiary of NewsCorp and a provider of online real estate services; this includes the site for buying and selling in the U.S, Realtor.com
NewsCorp acquired the Move arm of its business in 2014 and has seen it drive results.
Robert Thomson, chief executive of NewsCorp said:
"Our Digital Real Estate Services segment posted another strong quarter with an 18% year-over-year revenue increase and is on a clear path to reshape the character of News Corp."
"At Realtor.com, we generated solid revenue growth even as we retooled our product offerings. We expect that momentum to accelerate this year and to contribute meaningfully to EBITDA."