The news: REA Group reported an 11% increase in its third-quarter earnings before interest and tax (EBITDA) to $216 million, driven by strong performance across its Australian residential and commercial businesses.
For the three months ended 31 March, group revenue rose 6% to $398 million, while operating EBITDA rose 1% to $178 million compared to the prior corresponding period.
The numbers: Free cashflow reached $135 million, slightly above $132 million recorded a year ago.
The company expects a 1%-3% decline in national residential buy listing volumes for FY26, with a buy yield growth of around 13%.
What they said: REA Group CEO Cameron McIntyre attributed the third-quarter performance to the strength of the core Australian residential businesses, supported by a healthy property market and supply keeping pace with buyer demand.
While global volatility and interest rate hikes have impacted broader market sentiment, he said the company continues to see strong listing volumes in Sydney and Melbourne.
“With more normalised levels of buyer demand, customers and their vendors will be seeking to differentiate their listings, and REA is incredibly well positioned in this more balanced market,” McIntyre said.