REA Group (REA) Q3 2025 earnings summary

Executive summary

• Q3 revenue reached AUD 374 million, up 12% year-over-year, with nine-month revenue at AUD 1,247 million, up 18% year-over-year.

• EBITDA (excluding associates) was AUD 199 million for Q3, up 12% year-over-year, and AUD 734 million for nine months, up 19% year-over-year.

• Double-digit yield and revenue growth achieved across residential, commercial, financial services, and India segments.

• Record consumer engagement with 12.6 million visitors in March and a 6% increase in active membership.

• Enhanced product offerings and digital experiences, including AI-driven listings and new integrations, drove higher-value consumer actions.

Financial highlights

• Group revenue for Q3 increased 12% to AUD 374 million; nine-month revenue up 18% to AUD 1,247 million.

• Operating expenses from core operations rose 12% for Q3 and 15% for nine months.

• Operating EBITDA (excluding associates) was AUD 199 million for Q3, up 12%, and AUD 734 million for nine months, up 19%.

• Australian Q3 revenue was AUD 340 million, up 11% year-over-year.

• Free cash flow for Q3 was AUD 132 million, up 19% year-over-year.

Outlook and guidance

• FY25 residential buy yield growth expected between 13% and 15%.

• Anticipates 1%-2% growth in national residential new buy listings for FY25.

• Group core cost growth to remain in low double digits, with Q4 cost growth lower due to marketing and COGS phasing.

• EBITDA losses in India expected to be marginally lower in FY25; associates’ losses to be modestly higher.

• Positive operating jaws targeted for FY25.