News Corp-controlled REA Group gains on upbeat annual results

News Corp

06/08/2025 01:23

Aug 6 (Reuters) - Shares in Australia's REA Group REA.AX marked on Wednesday their biggest intraday percentage gain in 2-1/2 years, after the News Corp-controlled NWSA.O property listings firm reported higher annual profit and raised its dividend payout.

The stock rose as much as 8.1% to A$257.13, their strongest intraday gain since November 11, 2022.

($1 = 1.5439 Australian dollars)

 (Reporting by Rishav Chatterjee in Bengaluru; Editing by Sherry Jacob-Phillips)

 ((Rishav.Chatterjee@thomsonreuters.com;))