REA Group: Initiation of Coverage- Yield Gains, Tech Upgrades & A Developer Comeback—The Perfect Storm? 

REA Group Limited has reported strong growth in its third quarter of the fiscal year, underscored by significant yield increases across its operations. The company posted a 12% rise in revenue to $374 million, alongside a 12% boost in EBITDA, excluding associates, reaching $199 million. These results reflect favorable market conditions and strategic initiatives implemented by the company. Notably, the Australian real estate sector supported listings and house price growth, bolstering consumer engagement with REA Group’s platforms.