The ASX listed REA Group Limited today released its financial performance for the first quarter of the FY 2013 financial year.
In Quarter 1 FY2013 (quarter ended 30 September 2012), the REA Group delivered an EBITDA of AUD$33.7m (USD$35m), an increase of 28% on the same period last year. Revenue grew by 17% to AUD$77.7m (USD$81m), driven by continued take-up of value-add products across Australia.
Greg Ellis, REA Group CEO and Managing Director, commented, ”REA Group’s double-digit growth in the first quarter is the result of our commitment to delivering outstanding return on investment to our real estate agent customers, and the best user experience for consumers.”
These results were released as part of the Form 10 Registration Statement filed by New News Corporation with the U.S. Securities and Exchange Commission (SEC) on 20 December 2012 (New York time).
News Corp owns 61% of the REA Group.