0038 GMT - Australian real-estate advertiser Domain's apparent short-term focus on cost management could boost its largest rival, E&P analyst Entcho Raykovski warns. He sees signs that Domain management has focused on costs since the CoStar bid for control, which he thinks might open the door for News Corp-controlled REA to further cement its No. 1 status. Raykovski points out that the FY 2025 costs outlined in the deal's scheme booklet are lower than Domain's prior guidance. That said, he adds that CoStar clearly has scope for increased investment once the deal closes. News Corp is the parent company of Dow Jones & Co., publisher of The Wall Street Journal and Dow Jones Newswires. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
June 30, 2025 20:38 ET (00:38 GMT)
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