• Revenue up 18% to $1,247m, EBITDA up 19% to $734m
• Q3 revenue grew 12% to $374m, driven by double-digit growth across key business lines
• Continued strong performance of realestate.com.au, cementing its position as Australia's #1 property platform

REA Group Ltd (ASX:REA) today announced its results for the nine months ended 31 March 2025, reporting strong financial performance across the business. Group revenue from core operations grew 18% year-on-year to $1,247m, while EBITDA excluding associates increased 19% to $734m. In Q3, revenue grew 12% to $374m, driven by double-digit growth across Residential, Commercial, Financial Services and India. EBITDA excluding associates was up 12% to $199m. The company's flagship site realestate.com.au continued to strengthen its market-leading position, reaching record audiences during the quarter. Key highlights included 12.3 million average monthly visitors, 133.4 million average monthly visits (3.9 times more than the nearest competitor), and a 50% year-on-year increase in seller leads. REA India also performed strongly, with revenue up 28% year-on-year. Looking ahead, the company expects continued strong buyer demand and modest property price growth, supporting further yield expansion. FY25 residential Buy yield growth is anticipated to be 13-15%, with the group targeting positive operating jaws. EBITDA losses in India are expected to be marginally lower in FY25 compared to FY24, while contributions from associates are anticipated to be modestly higher than the prior year.

FY25 residential Buy yield growth expected to be 13-15%. Group targeting positive operating jaws in FY25. Low double-digit group core operating cost growth anticipated, with Q4 growth rate lower due to phasing of marketing costs and lower anticipated COGS in India. EBITDA losses in India expected to be marginally lower in FY25 compared to FY24. Contributions from combined associates' losses in FY25 anticipated to be modestly higher than the prior year.

The Australian property market is expected to be supported by continued strength in underlying fundamentals, with expectations of further interest rate cuts driving buyer demand and supporting vendor confidence. The company's personalisation strategy is driving record audience engagement, which will further underpin the value delivered to customers and their vendors.