REA Group has reported its Q1 results for the three months ended 30 September 2024. The company's revenue from core operations reached $413m, marking a 21% increase year-on-year. EBITDA, excluding associates, was $243m, up by 23%.

REA Group's CEO, Owen Wilson, attributes the strong financial performance to a healthy market, new audience records, and the increasing use of their premium products by customers. "Seller confidence continued to drive a strong listings environment in Q1, delivering greater choice for buyers and some moderation in house price growth. In this healthy market, we hit new audience records and our customers increasingly leveraged the value of our premium products to differentiate their properties. This underpinned the strength of our financial performance," said Wilson.