Seek Posts Higher Fiscal H1 Earnings Despite Lower Revenue; Adjusts Earnings, Revenue Outlook

MT Newswires Live
Feb 18

SEEK (ASX:SEK) reported Tuesday that its earnings per diluted share in the fiscal first half rose to AU$0.40, from AU$0.083 per diluted share a year earlier.

Analysts polled by Visible Alpha were expecting EPS of AU$0.20.

Revenue for the six months ended Dec. 31, 2024, was AU$536.2, down 4% from AU$558 million in the same period last year. Analysts surveyed by Visible Alpha expected AU$542.5 million.

The online employment marketplace adjusted its fiscal year revenue guidance to AU$1.06 billion to AU$1.1 billion, from its previous guidance of AU$1.02 billion to AU$1.14 billion.

SEK also adjusted its earnings before interests, taxes, depreciation, and amortization (EBITDA) outlook to AU$440 million to AU$470 million, up from its previous guidance of AU$430 million to AU$500 million.

Analysts polled by Visible Alpha expect fiscal year earnings of AU$0.40 per diluted share on revenue of AU$1.08 billion.

The board declared an interim dividend of AU$0.24 per share, up from the AU$0.19 in the previous reported period, payable on April 4 to shareholders on record as of March 19.

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