News Corp Valuation Overview
REA Group Is a Leading Digital Real Estate Business
REA Group is an Australian digital real estate business that is publicly-traded on the Australian Stock Exchange.
Market Positioning
realestate.com.au
#1 in
Australia
3.3x audience of the nearest competitor
0
REA Overview
Financial Performance
($ in millions)
Revenue (1)
10% CAGR
$752
$666
$674
$592
$525
$437
$459
$1,029
$937
FY15 FY16 FY17
FY18 FY19 FY20
FY21 FY22 FY23
EBITDA
Margin:
55% 57% 57% 57%) 57% 58%
61% 58%
54%
News Corp owns 61% of REA Group, a market leading business with an attractive financial profile.
Source: Public company filings, company websites. (1) FY2015 calculated as News Corp's Digital Real Estate Services revenue less Move revenue. FY2016 through FY2023 revenue is REA Group revenue disclosed by News Corp.
STARBOARD VALUE
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