REA Group Projects 50% Revenue Growth
November 10, 2008 by Emma Sorensen · 1 Comment
While many in the property portal world are worried about a possible downturn in advertising revenue, Greg Ellis, CEO of REA Group, remains optimistic.
Ellis made the positive comments in an interview with The Australian newspaper published today.
He said that the online real estate classified market shows no sign of succumbing to the advertising slowdown. He also said that the REA Group expects to maintain revenue growth of about 50 per cent this financial year.
Ellis was quoted as saying:
“People are spending a very small proportion of their annual budgets online… The saturation point of that is years away.”
REA count realestate.com.au in Australia and propertyfinder.com in the UK among their stable of international property portals.
Mr Ellis was also reported as saying that an Australian mobile site would go into beta testing before the end of this financial year.
A lot of attention has been on the REA Group of late, with rapid international expansion, the appointment of Greg Ellis as CEO, News Limited increasing their stake in the company, and record breaking 45 percent increase in revenues last financial year.
The REA Group Appoints Greg Ellis as New CEO
August 28, 2008 by Simon Baker · 2 Comments
Today the REA Group announced the appointment of Greg Ellis as the company’s new Chief Executive Officer. Ellis is currently Marketing Director Asia Online Services for Microsoft. He will take on the new role on Monday, 8 September.
Ellis has over 20 years business experience, 14 of which have been in senior line management positions. He has worked in Australia, Asia and Europe.
Before his current role at Microsoft, he was Managing Director of Online and Search at World Directories in the Netherlands.
Ellis also spent five years at Sensis and 11 years at Telstra. At Sensis, he was most recently General Manager of Sensis Interactive. At Telstra, his most recent role was National General Manager, Marketing Strategy & Planning.
You can check out Greg Ellis’ full bio on linkedin (http://www.linkedin.com/in/gellis)
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