REA Group's financial performance shines

REA Group (ASX:REA) has announced its financial results for the first quarter of FY25, ending 30 September 2024. The company achieved a 21% year-over-year increase in revenue, reaching AUD 413 million. Operating EBITDA, excluding associates, rose by 23% to AUD 243 million, driven by increased seller confidence and a robust listings environment.

REA Group's strategic growth and future outlook

REA Group's Q1 FY25 results demonstrate robust growth, with a 21% increase in revenue to AUD 413 million and a 23% rise in operating EBITDA. The company's success is largely attributed to a favorable listings environment and strategic investments, including the acquisition of Realtair and increased stake in Athena Home Loans. In Australia, core revenue grew by 20%, and international operations in India saw a 42% revenue surge. Looking forward, REA Group expects continued growth in the Australian residential property market, supported by stable economic conditions and aims for double-digit Residential Buy yield growth in FY25. The company is focused on maintaining positive operating jaws and managing cost growth effectively.

Executive commentary on financial results

Our strong Q1 performance reflects the ongoing confidence in the property market and the effectiveness of our strategic initiatives. We have seen record audience engagement and increased utilization of our premium products, which has driven significant revenue growth both domestically and internationally.