Domain Group Financial Results for FY22 — Revenues up 23%, Net profit up 46%

August 17, 2022
Share this Post: 

Domain Holdings Australia Limited, Australia's number two portal operator, has released positive results for the FY22.

Highlights include:

  • Revenue of A$356.7m, up 23% YoY
  • Net profit of A$55.3m, up 46% YoY
  • Earnings per Share A$0.093, up 43% YoY
  • EBITDA of A$122.1m, up 21% YoY

Domain's results also reveal 16.7 million app launches per month, a 12% YoY growth in subscribers, and a 14% increase in controllable residential yield in the company's Core listings business.

It's been a transformational year for the company. Domain appointed Nathan Brumby and Rebecca Darley as CPO and CMO respectively in February, and followed it up with the big-money acquisition of campaign management platform company Realbase in April. Realbase contributed to Agent Solutions increasing 67% YoY, while a further acquisition of IDS in October 2021 contributed to Property Data Solutions increasing 35% YoY.

Jason Pellegrino, CEO at Domain, said:

"Domain’s strong FY22 performance is testament to the results of our Marketplace strategy, the talent and creativity of our team, and a supportive property market environment.

"Despite the widespread COVID-19-related lockdowns in the early part of FY22, the listings recovery continued and combined with our focus on controllable yield to drive our outstanding results. While property market fundamentals have become more challenging in a rising interest rate environment, we remain confident that the strategy we are implementing will support the long term growth opportunities that are available to Domain."

In the company's Annual Report, Pellegrino went on to say that the business' Core Listings, Agent Solutions, Consumer Solutions and Property Data Solutions all performed particularly well.

Chairman Nick Falloon pointed to balanced approach to investments and innovation for the future as a bedrock of Domain's strong year, saying that "ambitions for Domain are high". Falloon stated that revenue growth was "underpinned by the company's marketplace strategy and a continued improvement in the property listings environment."

The company rewarded shareholders with a 6.0 cent dividend per share for the year.

August 17, 2022
Harvey is an experienced property journalist and copywriter. He has written about the property industry since 2015, starting at The Property Franchise Group in the UK, before moving to Spain to work for Spotahome. He has blogged for the private rented sector, ghostwritten for UK property experts and written case studies for franchise owners around the UK. Harvey joined Online Marketplaces as a News Editor in 2022.

Subscribe to our mailing list to get the famous, free Friday newsletter!

News and analysis to help build better online marketplace businesses, in your inbox, every Friday

Related News

Shutterstock 147091049 To Hire 200 People In Market Leadership Push will hire up to 200 staff in fiscal year 2023 as it aims to establish itself as India's leading...

Read More
Propertyguru For Business Skyline Singapore
'Guided by Guru' - PropertyGuru Outlines New Brand Positioning

The Southeast Asian real estate portal operator PropertyGuru has announced a 'brand repositioning' and has introduced a new umbrella brand...

Read More
Shutterstock 1958725735
Spotahome Tells Staff That It Expects Another Round of Layoffs

Madrid-based on-demand rentals specialist Spotahome has announced it will go through another round of layoffs, weeks after firing two senior...

Read More
Homely And Ptg Skyline
Aussie Portal Homely Integrates with Proptech Group's VaultRE and Eagle CRMs

Australian challenger portal says it will be easier than ever for agents to list in more places after announcing...

Read More

Editor's Pick