REA Group Ltd Annual Report 2021

23 Year in review Directors’ Report Financial Statements Remuneration Report Sustainability Our Leaders Annual Report 2021 | REA Group Ltd 54 News Corp’s Earnings Release stated in US Dollars (5 August 2021) for the twelve-month period ended 30 June 2021: Average monthly unique users for Q4 FY 2021 and compared to the same period Q4 FY 2020. 56 News Corp’s Form 10-K stated in US Dollars for the 12-month period ended 30 June 2021. at a much faster rate. Elara continued to invest in the creation of new innovations, enhancing the consumer experience and delivering excellent customer value. Housing Edge was launched on Housing.com as part of the focus to create a seamless consumer property journey. Housing Edge digitises multiple services for home owners and tenants including rent agreements, tenant verification and home loan options, all designed to make the process of moving home as simple as possible. In addition, six new native language search experiences were launched on Housing.com, enabling the ability to attract new users and reach more of India’s population. Strong Move, Inc. performance In North America REA has a 20% investment in Move, Inc. which delivered a strong financial result and continued growth in realtor.com ®’s audience. Average monthly unique users of realtor.com ®’s web and mobile sites for Q4 grew 32% YoY to 106 million. 54 Move’s reported revenue increased by 36% in FY21 to US$641m, driven by continued strength in the referral model and traditional lead generation product. The traditional lead generation product continued to see a strong increase in demand from agents, driving improvements in sell-through, yield and retention, while the referral model benefited from an increase in average home values and transaction volumes. 55