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REA Group Releases Q3 FY 2022 Financial Information

06 May 2022  |  08:09:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: REA Group Q3 FY22 financial information released

REA Group released Q3 FY 2022 financial information. The Group financial highlights from core operations for the nine months ended 31 March 2022 include revenue of $869m and EBITDA including associates of $523m. The group delivered a strong result for Q3, with 23% YoY revenue growth driven by the Australian residential business and the inclusion of Mortgage Choice, and EBITDA including associates up 27%. The Australian residential property market continued the post-covid recovery during the quarter. National listings increased 11% YoY, with Sydney up 14% and Melbourne up 8%. The Group's combined share of associates contributed a $0.5m loss to core EBITDA, down from a $1.4m gain in Q3 FY 2021.

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