Earnings release
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REA Group ASX Announcement 7 May 2021 REA Group delivers strong Q3 FY21 performance REA Group Ltd ( ASX : REA ) today announced its results for the nine months ended 31 March 2021 as reported by News Corporation ( News Corp ) ( ASX : NWS ) . The News Corp report includes US GAAP financial information for REA Group and its subsidiaries for the nine months ended 31 March 2021 . Group financial highlights from core operations¹ for the nine months ended 31 March 2021 include revenue² of $ 655.9m and EBITDA 3,6 of $ 415.1m . The group delivered a strong result for Q3 , with revenue² ( excluding acquisitions ) increasing by 8 % YoY and EBITDA³ , 6 increasing by 13 % , underpinned by an improved performance for the Australian Residential business and Move , Inc. A summary table of the key financial information from core operations is presented below . The information is presented in Australian dollars and is prepared under AIFRS . All financial growth rates refer to YoY comparisons unless otherwise stated . Millions Revenue after broker commissions2² Operating expenses EBITDA ( excluding share of profit / losses from associates ) ¹ , 6 EBITDA ( including share of profit / losses from associates ) ¹ , 6 Free cash flow Millions Revenue after broker commissions² Operating expenses EBITDA ( excluding share of profit / losses from associates ) ¹ , 6 EBITDA ( including share of profit / losses from associates ) ¹ , 6 Free cash flow FY2021 REA Group Ltd ABN 54 068 349 066 655.9 ( 247.8 ) 408.1 415.1 158.4 FY2021 225.6 ( 103.7 ) 121.9 123.3 65.4 For nine months ended 31 March ( AUD ) ª A : 511 Church Street , Richmond , VIC 3121 , Australia FY2020 640.2 ( 249.4 ) 390.8 378.9 195.2 FY2020 199.8 ( 80.2 ) 119.6 112.5 For three months ended 31 March ( AUD ) 4 YoY growth 13 % 29 % 66.7 YoY growth 2 % -1 % 4 % P : +613 9897 1121 www.rea-group.com 10 % -19 % 2 % 10 % -2 % YoY growth ( ex acquisitions ) 5 1 % -7 % 6 % 10 % -17 % YoY growth ( ex acquisitions ) 5 8 % 8 % 8 % REA Group Chief Executive Officer , Owen Wilson commented : " Australia's property market is in full flight , with this positive momentum contributing to strong listings growth for the quarter . Once again , realestate.com.au set new audience records and delivered over 3 million buyer enquiries per month , an increase of 82 % for the quarter . " 13 % 5 %