Page 1

REA Group ASX Announcement 5 November 2021 REA Group delivers strong Q1 FY22 result REA Group Ltd ( ASX : REA ) today announced its results for the three months ended 30 September 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 three months ended 30 September 2021 . Group financial highlights from core operations for the three months ended 30 September 2021 include revenue² of $ 264m and EBITDA³ including associates of $ 158m . The group delivered a strong result for Q1 , with revenue excluding acquisitions * increasing 22 % YoY , driven by growth across all Australian segments and EBITDA including associates up 24 % . 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 . Core operations ' , $ m Revenue after broker commissions Operating expenses EBITDA ( excluding share of profit / losses from associates ) EBITDA ( including share of profit / losses from associates ) Free cash flow Q1 result FY22 264 ( 107 ) 157 158 REA Group Ltd ABN 54 068 349 066 49 A : 511 Church Street , Richmond , VIC 3121 , Australia For three months ended 30 September ( AUD ) 4 YoY growth 35 % 49 % P : +613 9897 1121 www.rea-group.com FY21 196 ( 72 ) 124 127 41 27 % 25 % 20 % YoY growth ( ex - acquisitions ) * 22 % 13 % * YoY growth ( ex - acquisitions ) excludes REA India ( formerly known as Elara Technologies Pte . Ltd. ) results from 1 January 2021 and associate equity accounted contributions prior to 1 January 2021 , and Mortgage Choice results from 1 July 2021 . 28 % REA Group Chief Executive Officer , Owen Wilson commented : " REA has delivered an impressive result given the prolonged lockdowns in Sydney and Melbourne . Our performance reflects the continued value our premium listing products are delivering to our customers , and realestate.com.au's clear position as the number one place to search , find and finance property . 24 % " Our teams have made excellent progress across a number of key initiatives including the integration of our Mortgage Choice and Smartline businesses , the roll of new products such as our Connect offering and our integrated rental applications platform , all of which provide the foundations for continued growth . " 29 % The Australian residential property market showed resilience during the quarter . After modest YoY declines in July , national listings increased 11 % for the quarter , with Sydney down 7 % and Melbourne up 79 % due to lockdown impacts in the prior period . A summary of the quarterly residential Buy listings and developer project commencement YoY changes is outlined below5 .