REA Group Q1 2026: Group Revenues up 4% as New-Look India Segment Takes Shape

REA Group, the News Corp-backed portal giant driven by the Australian market leader realestate.com.au, has released updated figures for the first quarter of the 2026 financial year. Highlights include:

• Group revenues were A$429 million, up 4% year-on-year
• Operating EBITDA was A$254 million, up 5%
• REA India revenues dropped by 20%
• Active members increased 10%
• Average realestate.com.au buyer enquiries hit 2.7 million per month, up 19%

Newly appointed REA Group Chief Executive Officer, Cameron McIntyre, said:

"This is a great time to be joining REA Group. The business has a clear strategy and I am impressed with the strong talent across our team. Our focus remains on delivering the greatest value in the market for our customers, and REA is well positioned with the financial strength, momentum and expertise to deliver the next generation of products and experiences.

"I congratulate the team on the strength of this Q1 result. It's clear to me that we are well placed for continued growth, supported by a healthy property market and an exciting product pipeline. I look forward to working with the team to build on this foundation and deliver for our customers and consumers."

Australian revenue of A$405m was up 6% YoY, driven by continued signups for premium products and strong market activity despite lower listing volumes. Buy revenue growth was driven by a 13% increase in yield, partially offset by an 8% decline in national listings.

Audience figures delivered record growth, as users continued to flock to realestate.com.au. The Group said the portal generated 12.6 million visits per month for the quarter, while 6.7 million people exclusively used realestate.com.au to conduct their home search. The Group recorded a 10% YoY increase in active members and a 35% increase in seller leads.

REA India, however, saw revenues decline 20% this year despite modest growth for its flagship portal, Housing.com. REA India divested from PropTiger in July, and also decided to sunset Housing Edge, saying:

Housing.com continues to be REA India's strategic priority, with focus sharpened through a number of recent strategic decisions.

Following recent regulatory changes impacting the commercial viability of the Housing Edge offering, REA India made the decision to discontinue this business in October. Housing Edge contributed EBITDA of approximately $12m in FY25.

Housing Edge is a technology-driven platform offering a suite of services designed for tenants and landlords in India. It digitises multiple rental-related services so users can access them conveniently from their homes. These services include online rent payment, rental agreements, tenant verification, packing and moving, furniture rental, home interiors, and home services.