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• Revenue: $217.2 million, up 7% year on year.

• Expenses: $139.4 million, up 4% year on year.

• EBITDA: $77.8 million, up 14% year on year.

• EBIT: $59.2 million, up 25% year on year.

• Net Profit After Tax: $33.1 million.

• Adjusted Net Profit: $36.5 million, up 25% year on year.

• Earnings Per Share: $0.08, up 25% year on year.

• Dividend: $0.02 per share, fully franked.

• Residential Revenue Growth: 12%, with depth revenue up 14%.

• Media Developers and Commercial Revenue: Declined 2%.

• Agent Solutions Revenue: Increased 2%.

• Domain Insights Revenue: Declined 8%.

• Print Revenue: Declined 7%.

• Cash Balance: $36.5 million at the end of the period.

• Net Debt: $147.3 million, with a leverage ratio of 1.0 times.

• Site Visits: Up 23% year on year.

• Unique Audience Growth: 10% increase year on year.

Release Date: February 12, 2025

For the complete transcript of the earnings call, please refer to the full earnings call transcript.

Positive Points

• Domain Holdings Australia Ltd (ASX:DHG) reported a 7% increase in revenue to $217.2 million, with EBITDA up 14% to $77.8 million.

• The company achieved a 10% increase in unique audience and a 23% rise in site visits year on year, outperforming its major competitor.

• The launch of Audience Boost led to a 24% increase in views for residential listings during campaigns.

• Domain's investment in technology platforms is expected to accelerate product innovation and enhance user experience.

• The company declared a fully franked dividend of $0.02, maintaining shareholder returns in line with the previous year.

Negative Points

• Media developers and commercial revenue declined by 2%, reflecting challenging market conditions.

• Domain Insight revenue fell by 8%, impacted by the strategic exit from a data supply agreement.

• Print revenue decreased by 7%, with declines in developer and commercial segments.

• The company faces ongoing challenges in the developer market due to higher construction costs and interest rates.

• Domain's cost expectations for FY25 are projected to increase in the high single-digit percentage range, reflecting ongoing investment needs.

Q & A Highlights

Q: How does Domain plan to enhance agent alignment and maintain relevance against competitors like REA? A: Jason Pellegrino, CEO, emphasized the importance of Domain's role as a competitive #2 in the market, highlighting the company's deep relationships with industry owners and agents. He noted that Australia's market structure typically supports duopolies and oligopolies, suggesting that a single player dominating the market is unlikely. Domain's strategy involves leveraging these relationships and partnerships to maintain its competitive edge.