REA Group Ltd (ASX: $REA) FY24 Financial Highlights

REA Group Ltd (ASX: $REA) has reported a remarkable financial performance for the year ended 30 June 2024. The company achieved $1,453m in revenue, reflecting a substantial 23% increase, and $825m in EBITDA, marking a significant 27% growth. The net profit after tax also surged by 24% to reach $461m. Additionally, the company reported a 20% increase in dividend per share for the full year, amounting to $1.89, and a 24% rise in earnings per share, reaching $3.49.

REA Group's Executive Commentary

Owen Wilson, Chief Executive Officer of REA Group, highlighted the exceptional financial results achieved in FY24. He emphasized the substantial growth in revenue, EBITDA, and net profit, indicating the company's strong performance and resilience in the market. Wilson also expressed satisfaction with the increase in dividend per share and earnings per share, reflecting the company's commitment to delivering value to its shareholders. Furthermore, he acknowledged the dedicated efforts of the entire team in achieving these outstanding results.

REA Group's FY24 Outlook

The FY24 financial results demonstrate REA Group's robust position in the market, with significant growth in revenue, EBITDA, and net profit. The company's focus on strategic priorities, audience leadership, consumer engagement, and customer value has evidently contributed to its exceptional performance. Looking ahead, REA Group aims to continue its strong momentum, leveraging its product innovation, technology platforms, and strategic investments to drive further growth. With a positive outlook for FY25, the company anticipates continued progress in delivering value to its stakeholders and maintaining its leadership position in the property market.