SEEK delivered record revenue growth in FY2022 FY2023 outlook positive

SEEK Limited (ASX: SEK) has released its FY2022 results for the period ended 30 June 2022 and reported a record revenue growth during the period.

From Continuing Operations:

• Revenue increased 47% to AU$1,116.5 million.
• EBITDA grew by 53% to AU$509.1 million.
• Reported NPAT excluding significant items was AU$245.5 million, up 81% compared to the previous corresponding period.

From the Discontinued Operations:

• Reported NPAT excluding significant items was AU$14.1 million.

The Company reported a 53% growth in revenue from SEEK ANZ and 37% growth from SEEK Asia. SEEK ANZ EBITDA was up 60% and SEEK Asia by 9% compared to the previous corresponding period.

During FY2022, the Company noted record ad volumes in ANZ and volume growth across other key regions. It continued its investment in other strategic priorities.

FY2023 Outlook:

• SEEK expects in revenue to range in between AU$1.25 billion to AU$1.30 billion.
• EBITDA is projected to range from AU$560 million to AU$590 million.
• NPAT would range from AU$250 million to AU$270 million.

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