Realtor.com 'Renaissance' Drives Sixth Quarter of Revenue Growth

Realtor.com has delivered its sixth consecutive quarter of revenue growth, with the US property portal's Q3 FY26 results showing revenues at parent operator Move Inc up 10% year on year to $148m.

• Move (Realtor.com) revenues up 10% year on year to $148m
• Sixth consecutive quarter of revenue growth
• 261m monthly site visits per Comscore, claimed 31% share of US portal visits
• Realtor.com app inside ChatGPT and Realtor.com Market Clock launched in March
• Pre-market listings collaboration with Zillow was announced this week

The performance marks a turnaround for the NAR-aligned portal, which has spent several years trailing Zillow and treading water through a punishing US housing slowdown. The recent run is built on a deliberate model pivot away from pure lead resale toward paid exposure, anchored on the RealPro Select bundled marketing product for large brokerages.

News Corp CEO Robert Thomson hailed what he called a "Renaissance of Realtor", telling investors it "has really preceded the recovery of the overall US housing market" and crediting the team for "an extraordinary job in building the base, sorting out the software".

News Corp CFO Lavanya Chandrashekar singled out Realtor.com CEO Damian Eales. "Damian has done an absolutely brilliant job," she said, pointing to Realtor.com's 31% share of US portal visits, "six times that of Homes.com and three times that of Redfin", per Comscore.

Eales used the results to push the portal's recent strategic gains. In a blog post he highlighted the Realtor.com app launch inside ChatGPT, the new Realtor.com Market Clock buyer-versus-seller indicator, and continued MLS sign-ups for the Realtor.com+ collaborative search platform that launched in January. The pre-market listings collaboration with Zillow announced earlier this week brings Zillow Preview Listings to Realtor.com from this summer.

The backdrop remains difficult. March existing-home sales came in at 3.98 million, well below the historical average, and mortgage rates remain stubbornly high. Thomson argued the team has primed Realtor.com "to take full advantage of any uptick".

Parent News Corp posted 9% group revenue growth to $2.19bn in Q3. The Digital Real Estate Services segment, which also includes Australia's REA Group, was the standout: DRES revenues rose 17% to $473m and segment EBITDA jumped 25% to $155m, with REA Group revenues up 20% to $325m, helped by a 12% currency tailwind.