Domain Holdings' Total Revenue Up 8% in Fiscal First Quarter; Shares Down 6%

MT Newswires Live
2024-11-06

Domain Holdings Australia (ASX:DHG) said total revenue rose about 8% in the fiscal first quarter from the previous year, according to a Wednesday filing with the Australian bourse.

The company saw a 15% year-on-year depth revenue growth, 12% total residential revenue growth, and a 9% year-on-year increase in digital revenue, the filing said.

Additionally, October's new listings growth has accelerated, with a 19% like-for-like depth revenue growth year-on-year.

The company's fiscal 2025 cost and earnings before interest, taxes, depreciation, and amortization (EBITDA) margin guidance remains unchanged, with costs increasing in the high single to low double-digit percentage range, according to the filing.

The company also expects EBITDA margins to remain stable and expand in fiscal 2026 and beyond.

Shares fell 6% in midday trade Wednesday.

Price (AUD): $2.86, Change: $-0.19, Percent Change: -6.09%

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