Strong financial results for Realtor.com operator Move underscored solid earnings for Move parent company News Corp during the third quarter of fiscal year 2026, which ended March 31.
During the quarter, News Corp recorded a 9% annual increase in revenue to $2.19 billion, which it attributed to growth in its digital real estate services, Dow Jones and book publishing segments. The firm also reported a 13% yearly increase in net income, which came in at $121 million.
Revenues at Move were up 10% annually to $148 million. This marked Move’s sixth consecutive quarter of revenue growth.
“The Renaissance of Realtor has really preceded the recovery of the overall U.S. housing market, which remains subject to vicissitudes of mortgage rates,” News Corp CEO Robert Thomson told investors and analysts during an earnings call Thursday afternoon.
“Now we, and obviously aspiring property owners are, subject to a certain extent, to the whims and wisdom of the FOMC and their rulings, but what this accelerating revenue increase at Realtor — and we’ve had successive quarters of double-digit increases in revenue — tells you is that the team has done an extraordinary job in building the base, sorting out the software and is also benefiting from targeting higher premium homes, which of themselves bring higher premiums and building on the successful expansion into adjacencies, including seller, new homes and rentals.”
Move CEO Damian Eales wrote in a blog post about the firm’s earnings results that they were due to time spent executing on the company’s product road map.
“In March, we launched the Realtor.com app in ChatGPT to simplify the pre-search stage of homebuying and reach a new incremental audience for our clients. We also unveiled the Realtor.com Market Clock, which gives professionals and consumers a clear, visual read on whether a local market favors buyers or sellers,” Eales wrote.
“On the industry side, we are seeing strong early momentum behind Realtor.com+ with continued MLS signings and strong agent adoption.”
News Corp also highlighted Realtor.com’s user traffic in its earnings release on Thursday.
Comscore data shows that monthly average visits to Realtor.com for Q3 2025 were 261 million, representing 31% of the market. Meanwhile, internal Realtor.com data showed that the average monthly unique users for the firm’s website and mobile sites were 66 million during the quarter, relatively flat compared to the same period in 2024. Despite this, the company said lead volume from the site rose 6% annually.
“We remained the second most visited U.S. real estate portal, according to Comscore,” Eales wrote. “We also increased our lead in engagement — Realtor.com averaged 5.3 visits per unique user, compared to 4.8 in Q2, outperforming Zillow by 1.5x (3.5 visits/UU), Redfin by 1.8x (2.9 visits/UU), and Homes.com by 2.8x (at 1.9 visits/UU).”
Looking ahead, News Corp executives are excited about the runway they see ahead for Realtor.com.
“Revenue for existing home sales are now at a 20% higher level than they were in 2022, and the reason I’m calling out 2022 is because it was kind of the high-water mark from a housing perspective,” Lavanya Chandrashekar, chief financial officer at News Corp, said on Thursday’s call.
“But you can imagine that with this much higher revenue per house now, as the real estate market comes back, as Robert mentioned, we are positioned to really take full advantage of it.”