REA Group Ltd ( (RPGRF) ) has released its Q1 earnings. Here is a breakdown of the information REA Group Ltd presented to its investors.
Claim 70% Off TipRanks This Holiday Season
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
REA Group Ltd, a multinational digital advertising company specializing in property, operates leading property websites in Australia and holds strategic investments in various real estate and financial services companies globally. In its latest earnings report, REA Group announced a solid performance for the first quarter of fiscal year 2026, with a 4% increase in revenue to $429 million and a 5% rise in EBITDA to $254 million, driven by strong yield growth in a healthy property market. The company’s Australian operations saw a 6% revenue increase, supported by a 13% growth in buy revenue yield, despite an 8% decline in national listings. Meanwhile, REA India’s revenue declined by 20% due to strategic divestments and regulatory changes impacting its operations. Looking ahead, REA Group remains optimistic about the Australian property market, expecting stable listing volumes and targeting double-digit yield growth, while managing cost increases and strategic investments to maintain positive momentum.