REA Group (REA)

David Boyle

Senior Equity Analyst

6 am 9 November 2020


Prior close: $127.89

Trading update & Indian acquisition

On Friday, REA gave an update on its first quarter performance for the three months ended 30 September 2020.

Revenue of $195.7 million was down 3% compared to last year, but an 18% fall in operating expenses resulted in EBITDA increasing 8% to $123.8 million. The fall in operating expenses has some permanent and temporary components.

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