News

REA Group revenue up as Australian property prices sit at record highs

Zanda Wilson

May 7, 2021 10:08

News Corp’s REA Group has announced its financial results for the quarter ending March, with the numbers reflecting the strong recovery of the Australian residential property market.

In Q3 of FY21, REA Group revenue (excluding acquisitions) rose by 8% to $225.6 million, while Earnings Before Interest, Taxes, Depreciation, and Amortisation (EBITDA) including share of profit/losses from associates grew by 13% year-on-year to hit $123.3 million. REA Group’s assets include leading Australian real estate listing website realestate.com.au.

REA Group Results Q3 FY21 [click to enlarge]

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Zanda Wilson was a reporter and podcast producer at Mumbrella, specialising in radio reporting. He left Mumbrella in September 2021.

Topics

News Corp Owen Wilson property REA REA Group realestate.com.au

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