Jefferies Cuts Price Target on REA Group (ASX: REA) Following Q3 Report

Mon 12 May 25, 03:10 AM |

Image source: Shutterstock

Highlights:

REA Group’s Q3 revenue reaches A$374 million, operating EBITDA at A$199 million

Brokerage lowers FY25 revenue and EBITDA estimates by 2.4% and 1.9%

REA’s leadership position faces pressure from potential short-term competition risk

Jefferies has reduced its price target for REA Group (REA.AX) to A$246.1 from A$248.2 following the company’s latest quarterly performance. The Australian digital advertising company reported Q3 revenue of A$374 million, which translates to approximately $240.2 million USD. Operating EBITDA for the quarter stood at A$199 million. This result came in slightly below expectations, which may be contributing to the revised outlook.

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