Rent.com.au Ltd - Advertising Recovers, Strong Customer Growth in RentPay

226 Views01 Aug 2023 08:02

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SUMMARY

Rent.com.au Limited (ASX:RNT) is a purpose-led company seeking to empower home renters through its technology platform and a growing number of aligned transactional services.
The company has reported Q4 FY23 revenue of $0.71m, up 12% on the seasonally strongest March 2023 quarter, but down 20% on the previous corresponding period (pcp) of FY22.
Underlying EBITDA was an estimated loss of $0.71m, compared with an EBITDA loss of $0.42m in Q4 FY22, with the bulk of the loss attributable to the investment in RentPay ($0.679m).

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