REA Group reports 2% drop in half year results

February 5, 2021 12:30

REA Group has released half year results for six months to 31 December 2020.

The News Corp (Australia) majority-owned real estate outlet has reported revenue of $430.4 million for the period, which equates to just a 2% drop on the previous year.

REA Group CEO, Owen Wilson, commented: “We have delivered a remarkable first half result, particularly given the Melbourne market came to a virtual standstill during the lockdown. I am proud of the way our teams focused on the things we could control to deliver outstanding customer support and product enhancements to help consumers navigate the disruptions.”

REA Group

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Olivia Kruimel

Olivia Kruimel was the managing editor at Mumbrella. She has more than 15 years of experience in journalism, communications and marketing. Her journalism career began at Fairfax Media (now part of Nine) and includes various B2B publications such as B&T, Travel Today and ALB. As a marketer Olivia has worked for Standard Chartered and various global law firms.