REA Group Reported Excellent Quarterly Outcome Despite Pandemic

November 07, 2020 03:02 AM AEDT
Team Kalkine

Team Kalkine
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Team Kalkine comprises of experts who understand various markets nuances and are enthusiastic and passionate to provide best possible offerings in the form of insights and stories. The team has rich experience of working across different markets with...

ASX 200-listed multinational digital advertising business REA Group Ltd (ASX:REA) revealed its quarterly results as reported by News Corporation (ASX:NWS) for the period ended 30 September 2020. The quick highlights are-

During the September quarter revenue was reported at A$195.7 million.
EBITDA during September quarter was reported at A$123.8 million up by 8% on YoY.
NSW showed a continued market recovery with increase of 23% in residential listings for the quarter in Sydney as restrictions eased.

On 6 November 2020, REA share price quoted at A$131.64 up by 2.467% at AEST 12:18 PM.

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