- Another very strong result for Motors, Property & Jobs
- Revenue was $85.6m, up 23% on F13
These three businesses have continued to be the engine room for Trade Me's growth. Collectively they delivered 48% of our overall revenue in F14, up from 43% in F13.
Trade Me Motors retains a very strong market position. The acquisition of MotorWeb has gone very well and we’re looking forward to introducing 'bundled products’ to make the most of the broad services we offer to vehicle dealers in particular.
Trade Me Jobs continues to make inroads against its main rival in terms of market share and is benefiting from the recovering New Zealand economy and a slowing of emigration to Australia.
Trade Me Property remains the most popular means for New Zealanders to find houses, with approximately three times the audience of our nearest competitor. We’ve been busy on the product development front with updated mobile apps and new features like school zones and boundary information on listings. In July 2014, we modified the approach to agent pricing that we’d rolled out from November 2013 and opted to provide agents with more choice and flexibility.