REA Group Ltd (ASX: REA), the owner of realestate.com.au, released its 2018 financial results to the market today revealing a 23% jump in profit.

REA Group owns prominent internet property portals like realestate.com.au, flatmates.com.au and Spacely. It also has a stake in international domains like iProperty and realtor.com.

In an announcement to the ASX today, REA Group reported revenue of $807 million for the year to June 30th 2018, an improvement of 20%. Profit came in at $253 million, up 23%, and the company announced a fully franked final dividend of 62 cents per share.

Analysts surveyed by Bloomberg had been expecting a profit of $266 million and full year dividends of $1.08 per share. Given its full year dividends will total $1.09 it appears REA Group modestly exceeded forecasts.