{"id":30532,"date":"2021-02-07T08:26:06","date_gmt":"2021-02-06T19:26:06","guid":{"rendered":"https:\/\/propertynoise.co.nz\/au\/?p=30532"},"modified":"2021-02-07T08:26:06","modified_gmt":"2021-02-06T19:26:06","slug":"rea-group-asxrea-delivers-strong-1h-fy21-results-despite-covid-challenges","status":"publish","type":"post","link":"https:\/\/propertynoise.co.nz\/au\/rea-group-asxrea-delivers-strong-1h-fy21-results-despite-covid-challenges\/","title":{"rendered":"REA Group (ASX:REA) delivers strong 1H FY21 results despite COVID challenges"},"content":{"rendered":"<p><strong>PHOTO: REA Group<\/strong><\/p>\n<ul>\n<li>Online real estate advertising company <a href=\"https:\/\/www.google.com\/url?client=internal-element-cse&amp;cx=007736748303843525207:i95wheizs-a&amp;q=https:\/\/propertynoise.co.nz\/au\/property-website-rea-group-lays-off-60-staff\/&amp;sa=U&amp;ved=2ahUKEwj0yLis_tXuAhWC7XMBHTWXCtAQFjAAegQIAxAB&amp;usg=AOvVaw2Hc3Jb3DHL2JhPHvAz4J-Z\">REA Group<\/a> (REA) has delivered a strong half-year performance update, despite the volatile market conditions<\/li>\n<li>The company hit $290.2 million in earnings, an increase of nine per cent over the prior corresponding period<\/li>\n<li>Unfortunately, revenue was down two per cent to $430.4 million<\/li>\n<li>During the half, realestate.com.au delivered record audience numbers with an average 12.3 million site visitors each month<\/li>\n<li>Additionally, 13 million users were recorded in November, equating to 65 per cent of Australia&#8217;s population<\/li>\n<li>REA also acquired Realtair and Campaign Agent, now holding 19.9 per cent and 27 per cent, respectively<\/li>\n<li>As of December 31, the company had a cash balance of $179.9 million and low debt levels<\/li>\n<li>REA has ended the day 1.62 per cent in the green with shares trading at $157<\/li>\n<\/ul>\n<p>Online real estate advertising company REA Group (REA) has delivered a strong half-year performance update, despite the volatile market conditions.<\/p>\n<p>The company had earnings before interest, taxes, depreciation and amortisation (EBITDA) of $290.2 million which is up nine per cent over the prior corresponding period (pcp).<\/p>\n<p>Net profit was also up 13 per cent to $172.1 million, as was the interim dividend \u2014 up seven per cent to 59 cents per share.<\/p>\n<p>Unfortunately, REA&#8217;s revenue was down two<\/p>\n<p>READ MORE VIA <a href=\"https:\/\/themarketherald.com.au\/rea-group-asxrea-delivers-strong-1h-fy21-results-despite-covid-challenges-2021-02-05\/\">THE MARKET HERALD<\/a><\/p>\n<h3 class=\"widget-title\"><span class=\"accent-typo\">MOST POPULAR<\/span><\/h3>\n<ul class=\"widgets-list-layout no-grav\">\n<li><a class=\"bump-view\" title=\"Wally Lewis sells his waterfront family home in Brisbane for more than $2.1 million\" href=\"https:\/\/propertynoise.co.nz\/au\/wally-lewis-sells-his-waterfront-family-home-in-brisbane-for-more-than-2-1-million\/\" data-bump-view=\"tp\"><img decoding=\"async\" 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alt=\"\u2018Pink palace\u2019 owner lists riverfront home\" width=\"40\" height=\"40\" data-pin-nopin=\"true\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" style=\"--smush-placeholder-width: 40px; --smush-placeholder-aspect-ratio: 40\/40;\" \/><\/a>\n<div class=\"widgets-list-layout-links\"><a class=\"bump-view\" title=\"\u2018Pink palace\u2019 owner lists riverfront home\" href=\"https:\/\/propertynoise.co.nz\/au\/pink-palace-owner-lists-riverfront-home\/\" data-bump-view=\"tp\">\u2018Pink palace\u2019 owner lists riverfront home<\/a><\/div>\n<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>PHOTO: REA Group Online real estate advertising company REA Group<span class=\"more-link\"><a href=\"https:\/\/propertynoise.co.nz\/au\/rea-group-asxrea-delivers-strong-1h-fy21-results-despite-covid-challenges\/\">Read More &rarr;<\/a><\/span><\/p>\n","protected":false},"author":1,"featured_media":21383,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[461747081],"tags":[478098512,478098521,478114577,478098519,478098535,478114575,478098513,478098873,478098579,478098510,478098514,478098912,478098903,478098511,478098705,478098533,478098828,478098509,478098737,478114576],"class_list":["entry","author-data123nz","post-30532","post","type-post","status-publish","format-standard","has-post-thumbnail","category-australian-property-real-estate-news","tag-australia","tag-australians","tag-campaign-agent","tag-home-ownership","tag-house-prices","tag-online-real-estate-advertising-company","tag-property","tag-property-investment","tag-property-market","tag-property-news","tag-propertynoise","tag-rea","tag-rea-group","tag-real-estate","tag-real-estate-agency","tag-real-estate-agent","tag-real-estate-agents","tag-real-estate-news","tag-realestate-com-au","tag-realtair"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>REA Group (ASX:REA) delivers strong 1H FY21 results despite COVID challenges - Property News Australia<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/propertynoise.co.nz\/au\/rea-group-asxrea-delivers-strong-1h-fy21-results-despite-covid-challenges\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"REA Group (ASX:REA) delivers strong 1H FY21 results despite COVID challenges - Property News Australia\" \/>\n<meta property=\"og:description\" content=\"PHOTO: REA Group Online real estate advertising company REA GroupRead More &rarr;\" \/>\n<meta property=\"og:url\" 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