Join our daily newsletter At The Bell to receive exclusive market insights
REA Group Ltd (ASX:REA) has claimed that strong demand from Australian homebuyers and solid pricing have helped to deliver strong results during the third quarter of fiscal year 2025.
The company reported an impressive result in the 9 months to 31 March, with its revenue shifting up 18% to $1.25 billion during that period, compared with the prior comparable one.
Earnings numbers – that is, operating EBITDA (earnings before interest, taxes, depreciation and amortization) excluding associates – were also in the green, at $734 million: this being an increase of 19%.
In the 3 months ended March 31, REA saw its revenue grow by 12% for a figure of $374M: bolstered by double-digit revenue rises across Residential, Commercial, Financial Services and India. EBITDA excluding associates also rose by 12% to $199M during this period.
REA Group CEO Owen Wilson said demand for housing in Australia continued to trend positively, supported by a recent decision by the Reserve Bank.
“REA delivered a strong third quarter result underpinned by double-digit yield growth as we
continued to drive increased value for customers across our premium products,” he said.
“The first interest rate cut in 4 years, combined with expectations of more to come, spurred buyer demand and supported house price growth across the country.”
REA shares have been trading at $250.08.
Join the discussion: See what HotCopper users are saying about REA and be part of the conversations that move the markets.
