realestate.com.au’s parent company REA Group sees revenue and operating costs climb

May 10, 2017 3:45

REA Group, the online real estate advertising company and parent group of realestate.com.au, has reported a 16% jump in revenue in its Q3 results, compared to the same period last year, noting the group’s growth comes despite “a market of lower listing volumes, declining dwelling commencements in Australia, as well as continuing soft market conditions in Malaysia and Hong Kong”.

The company’s revenue for the nine months to 31 March was $493m, according to a statement on the ASX, compared to $424m in the corresponding period last year.

Earnings before interest, tax, depreciation and amortisation (EBITDA) also climbed from $288m in the first nine months of last financial year to $286m – a jump of 15%. Free cash flow was up 19%, from $143m to $170m.

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Vivienne Kelly

Vivienne Kelly was previously the editor of Mumbrella from 2016 to August 2020.

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