REA Group Investor and Analyst Presentation H1 FY25
| Stock | REA Group Ltd (REA.ASX) |
|---|---|
| Release Time | 6 Feb 2025, 8:20 a.m. |
| Price Sensitive | Yes |
REA Group Delivers Outstanding H1 FY25 Results
- REA Group reports 20% revenue growth, 22% EBITDA growth, and 26% net profit growth in H1 FY25
- Continued strength in vendor confidence and buyer demand across the Australian property market
- Audience leadership extended with realestate.com.au reaching 11.9m average monthly unique audience
- Premiere+ depth penetration and customer value continue to grow
REA Group Ltd has reported an outstanding financial result for the half-year ended 31 December 2024, with revenue growing 20% to $872.9 million, EBITDA increasing 22% to $520.6 million, and net profit after tax attributable to owners of the parent rising 26% to $313.9 million. The company's performance was driven by continued strength in the Australian property market, with a 5% year-on-year increase in new listings and 4% growth in buyer enquiries and inspection interactions. REA Group extended its audience leadership, with realestate.com.au reaching an average monthly unique audience of 11.9 million, 4 times more than its nearest competitor. Key business highlights included record Premiere+ depth penetration in the residential market, delivering exceptional yield growth, as well as record Elite Plus depth penetration for commercial customers. The company also made a strategic investment in Athena Home Loans, one of Australia's fastest-growing fintechs. In India, REA Group's Housing.com brand delivered 37% year-on-year growth in app traffic.Looking ahead, REA Group is focused on building the next generation of property marketplaces, delivering superior customer value, and expanding its financial services and global footprint. The company provided no specific financial guidance, but noted it remains well-positioned to continue delivering strong growth and shareholder returns.
REA Group did not provide any specific financial guidance for the full year FY25 in this announcement.