SEEK LTD's stock price surged 6.55% during Tuesday's intraday trading session, reflecting strong investor sentiment following the company's latest financial update.

The significant price movement comes after the Australian jobs advertiser reported a 35% rise in first-half adjusted net profit, driven by improved operating leverage and a 21% jump in net revenue. The company attributed its revenue growth to new AI-enabled advertising tiers and performance-related pricing, which helped improve yield in its Australia and New Zealand markets despite a slight volume decline.

Furthermore, SEEK increased its interim dividend and tightened its full-year guidance ranges upward for revenue, earnings, and profit, signaling confidence in its future performance. CEO Ian Narev highlighted the company's strategic focus on AI-focused product development while containing run-the-business costs, resulting in cost growth well below revenue growth.