REA Group (ASX:REA) reported Friday fiscal first-quarter operating earnings before interest, taxes, depreciation, and amortization of AU$254 million, up from AU$243 million a year earlier.
Analysts polled by FactSet expected AU$248 million.
Revenue for the three months ended Sept. 30 was AU$429 million, compared with AU$413 million the previous year.
Analysts surveyed by FactSet expected AU$430 million.
The group said it continues to target double-digit residential buy yield growth and expects core operating expenses to increase by mid-single digits. High single-digit cost growth is expected on an underlying basis.
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