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REA Group First Half 2023 Earnings: Revenues Beat Expectations, EPS In Line

REA Group (ASX:REA) First Half 2023 Results

Key Financial Results

  • Revenue: AU$732.9m (flat on 1H 2022).

  • Net income: AU$201.6m (down 8.9% from 1H 2022).

  • Profit margin: 28% (down from 30% in 1H 2022).

  • EPS: AU$1.53 (down from AU$1.68 in 1H 2022).

earnings-and-revenue-growth
earnings-and-revenue-growth

All figures shown in the chart above are for the trailing 12 month (TTM) period

REA Group Revenues Beat Expectations

Revenue exceeded analyst estimates by 2.0%. Earnings per share (EPS) was mostly in line with analyst estimates.

Looking ahead, revenue is forecast to grow 8.8% p.a. on average during the next 3 years, compared to a 9.9% growth forecast for the Interactive Media and Services industry in Australia.

Performance of the Australian Interactive Media and Services industry.

The company's shares are down 4.4% from a week ago.

Balance Sheet Analysis

While earnings are important, another area to consider is the balance sheet. See our latest analysis on REA Group's balance sheet health.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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