Move Inc., the company that runs Realtor.com, saw a drop in revenues last quarter, as parent company News Corp. also took a hit. Susan Panuccio, News Corp.’s chief financial officer, said in an earnings call Thursday that Move’s revenues had “declined 10 percent to $111 million, with real estate evenues down 5 percent.” She blamed the loss “almost entirely” on a customer-billing relief program, and said Move was still adjusting to a referral model. Despite
source https://therealdeal.com/2020/08/07/move-inc-revenues-drop-as-realtor-com-traffic-climbs/
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