News Corp's property listing business REA Group has reported its financial results for the quarter ending 31 March 2025, recording a 12% increase in revenues to $374 million, driven by double-digit increases across its Residential, Commercial, Financial Services, and Indian operations.

In Australia, Q3 revenue amounted to $340 million, reflecting an 11% YoY increase, or 10% when excluding the acquisition of Realtair.

Residential revenue for the quarter saw a 12% rise, underpinned by a 15% yield increase in Buy revenue. Rent revenue also experienced growth, with an 8% average price rise and a 4% increase in listings. The Commercial and Developer segments reported increased revenues, with Commercial revenues benefiting from an 11% average price rise. Financial Services revenue grew, aided by a 16% increase in settlements.

The company's flagship platform, realestate.com.au, achieved record audience numbers during the quarter, attracting an average of 12.3 million monthly visitors. REA India's revenue surged by 28% YoY, driven by growth in adjacency services on the Housing Edge platform.

Operating costs for the group increased by 12%, with Australian costs rising by 9%. The group's share of associates contributed a $6 million loss to core EBITDA in the quarter.

The group's revenue for the nine months ending 31 March 2025 reached $1,247 million, marking an 18% increase year-on-year (YoY). Earnings before interest, taxes, depreciation, and amortisation (EBITDA), excluding associates, rose by 19% YoY to $734 million.

For the third quarter, REA Group's revenue increased by 12% to $374 million. This growth was driven by double-digit increases across its Residential, Commercial, Financial Services, and Indian operations. In Australia, Q3 revenue amounted to $340 million, reflecting an 11% YoY increase, or 10% when excluding the acquisition of Realtair.

REA Group Chief Executive Officer, Owen Wilson commented: “REA delivered a strong third quarter result underpinned by double-digit yield growth as we continued to drive increased value for customers across our premium products. The first interest rate cut in 4 years, combined with expectations of more to come, spurred buyer demand and supported house price growth across the country.

"Australians can find more listings and more buyers on realestate.com.au than anywhere else. A record number of people turned to our platform in March with our lead over the nearest competitor extending to 5.5 million people.

"The Australian property market continues to be supported by strength in the underlying fundamentals. Expectations of further rate cuts should support buyer demand, and this demand, coupled with steady house prices should underpin seller confidence. Our personalisation strategy is driving our record audience and as its rollout continues it will further underpin deep consumer engagement and the value we deliver to our customers and their vendors."

Looking ahead, REA Group anticipates Residential Buy yield growth to be between 13-15% for the financial year 2025. Additionally, the company expects low double-digit growth in group core operating costs for the same period. Strong employment figures and anticipated interest rate cuts are expected to bolster buyer demand and vendor confidence, according to the group's outlook.