Key financial achievements and strategic initiatives

Domain Holdings Australia (ASX:DHG) held its 2024 Annual General Meeting, revealing impressive financial results for FY24. The company experienced a 13.1% surge in revenue, reaching $391.1 million, and a 26.2% growth in EBITDA, amounting to $137.1 million. Despite market challenges, Domain maintained its financial guidance for FY25.

Outlook and strategic growth plans

Domain Holdings Australia (ASX:DHG) showcased a robust financial performance for FY24, with significant revenue and EBITDA growth. The company is strengthening its position in the property market by focusing on innovation and leveraging technology like AI and machine learning. Despite challenges, Domain is committed to maintaining stable EBITDA margins and anticipates further growth in its Marketplace model. The leadership transition, with CEO Jason Pellegrino set to depart, is underway with a search for a new CEO. Domain is also enhancing its ESG initiatives and expanding digital capabilities to drive future growth.

Executive insights and strategic focus

Domain captured benefits from an improving property market in FY24, particularly in Sydney and Melbourne, reversing prior declines. The company focuses on innovation, investing in machine learning and AI to enhance property experiences in Australia.