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CAR Group
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CAR Group Limited (formerly carsales.com Limited), known as CAR Group, is a global digital marketplace company operating primarily in Oceania, Asia and The Americas and is listed on the Australian Securities Exchange.
Key Information
CAR Group has wholly owned digital marketplace businesses in Australia (carsales), South Korea (Encar), the United States (Trader Interactive) and Chile (chileautos) in addition to being a majority shareholder of webmotors in Brazil.
History
[edit]CAR Group, originally named carsales was established in 1997 and founded by Greg Roebuck and Wal Pisciotta in Melbourne, Australia with what was at the time just a small idea of moving print classified advertisements for motor vehicles onto the internet.[1]
In October 2005, carsales acquired ACP Magazines' online classified businesses, including Carpoint.com.au, Boatpoint.com.au, Bikepoint.com.au, Ihub.com.au, and statistic company Equipment Research Group. In exchange, ACP's parent, Publishing & Broadcasting Limited, took a 41% stake in carsales.[2][3] In August 2007 Red Book was purchased.[4]
In 2009, carsales was listed on the Australian Securities Exchange.[5] In 2010, Quicksales was purchased. In March 2011, Nine Entertainment, previously Publishing & Broadcasting Limited, sold its 49% shareholding in carsales.[6]
In March 2013, carsales purchased a 20% stake in ICar Asia, followed by a 30% shareholding in webmotors of Brazil from Banco Santander the next month.[7][8] In April 2023, carsales acquired a further 40% stake in webmotors.[9]
In March 2014, a 49% share of SK Encar, Korea was purchased from SK C&C.[10] The remaining 51% was purchased in 2016.[11] In 2016, soloautos of Mexico and chileautos of Chile were purchased.[12][13]
In 2021, carsales acquired a 49% stake in Trader Interactive, a non-auto marketplace group in the United States.[14] The remaining 51% stake was acquired in 2022.[15]
In 2023, carsales.com Limited was renamed to CAR Group Limited to better reflect the growth and scale of the business outside of Australia. The company’s Australian entity and classified site remains known as carsales, but the entity listed on the Australian Securities Exchange, which owns and controls marketplaces in Australia, Brazil, Chile, South Korea and the U.S., is now known as CAR Group.[16]
References
[edit]- ^ Carsales.com promotes Cameron McIntyre to CEO as founder Greg Roebuck retires Mumbrella 20 January 2017
- ^ Proposed combination of the online classified businesses of ACP and Carsales Publishing & Broadcasting Limited 3 October 2005
- ^ Carsales.com.au Publishing & Broadcasting Limited 31 October 2005
- ^ Carsales.com.au Limited - completed acquisition of Red Book Australian Competition & Consumer Commission 13 August 2009
- ^ "Carsales float revved up for first trading day". The Australian.
- ^ Nine unloads Carsales.com Australian Financial Review 6 March 2011
- ^ ASX statement Carsales 14 March 2013
- ^ Carsales to acquire 30 per cent of WebMotors Carsales 30 April 2013
- ^ Carsales completes acquisition of further 40% of WebMotors Carsales 29 April 2023
- ^ Carsales to acquire 49% of South Korea's number one online car classifieds website Carsales 6 March 2014
- ^ Carsales spends $244 million to become full owner of South Korea's SKEncar Sydney Morning Herald 11 November 2017
- ^ Carsales completes Mexican acquisition Archived 25 July 2018 at the Wayback Machine Sydney Morning Herald 5 October 2015
- ^ Carsales pays $20m to take Chileautos majority stake Australian Financial Review 29 March 2016
- ^ Carsales targets RVs, snowmobiles and trucks in $800m US deal Australian Financial Review 12 May 2021
- ^ Carsales pounces on fast-growing US RV and truck trader Australian Financial Review 27 June 2022
- ^ Change of company name and amended constitution Carsales 1 November 2023
Grokipedia
CAR Group
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Overview
Company profile
CAR Group, formerly known as carsales.com Limited, was founded in 1997 in Melbourne, Australia, by Greg Roebuck and Wal Pisciotta with the initial goal of digitizing print classified advertisements for vehicles to create an online marketplace.[6] This shift addressed the growing demand for accessible digital platforms in the automotive sector during the late 1990s internet boom.[7] Today, CAR Group operates as an ASX 50-listed company under the ticker CAR, with its registered office in Richmond, Victoria, Australia.[3] Headquartered there, the company has evolved into a leading operator of digital automotive marketplaces, providing technology and advertising solutions that connect buyers and sellers worldwide.[8] As of fiscal year 2024, CAR Group employs more than 2,300 people globally and maintains a core focus on developing and managing online platforms for vehicles, motorcycles, caravans, marine vessels, trucks, and heavy equipment.[9] Its operations span Oceania, Asia, and the Americas, leveraging data-driven tools to enhance user experiences in these diverse markets.[3] Guided by a vision to create the number one digital marketplaces for vehicles around the world, CAR Group emphasizes innovation in online classifieds and related services.[9] Key subsidiaries such as carsales in Australia, Encar in South Korea, and webmotors in Brazil support this global ambition by powering region-specific platforms.[3]Leadership and governance
CAR Group's current leadership is headed by Managing Director and Chief Executive Officer William Elliott, who was appointed to the role in August 2025 following the departure of long-serving CEO Cameron McIntyre after 18 years with the company.[10] Elliott joined CAR Group in 2015 and served as Chief Financial Officer from January 2020, bringing over 20 years of experience in finance roles across technology, media, and other sectors; he holds a Bachelor of Economics (Honours) and a Bachelor of Laws from Monash University and is a Chartered Accountant.[10] The executive team also includes key roles such as Chief People Officer Jo Allan, who oversees people, culture, corporate affairs, and sustainability and has been with the company since 2008 with more than 20 years in human resources; General Counsel and Company Secretary Nicole Birman, responsible for legal, governance, and risk matters with over 20 years of legal experience; and Chief Information Officer Jason Blackman, leading technology, product, and AI initiatives since 2017.[10] The board of directors comprises nine members, including the Managing Director and CEO, with Patrick O’Sullivan serving as Non-Executive Chair since 2019; O’Sullivan is a Chartered Accountant with extensive experience as a former COO and Finance Director at Nine Entertainment and chairs other ASX-listed companies like Technology One Limited.[11] The board features seven independent non-executive directors, such as Edwina Gilbert, with over 20 years in the automotive industry and prior leadership at Phil Gilbert Motor Group; Kee Wong, an entrepreneur and former IBM executive; and Pip Marlow, former CEO of Salesforce APAC with 30 years in technology and financial services.[11] This composition ensures a mix of skills in automotive, finance, technology, and governance, with three directors having tenure exceeding 10 years and the remainder under 10 years as of 2024.[12] CAR Group's governance practices align with the ASX Corporate Governance Principles (4th Edition), featuring four permanent board committees: Audit, Risk Management, People & Culture, and Sustainability, all chaired by independent directors and composed solely of independent non-executives.[12] The company maintains a Diversity, Equity, and Inclusion Policy, achieving 44% female representation on the board in FY24 ahead of its target of 40% by December 2025, and has been recognized as a Workplace Gender Equality Agency (WGEA) Employer of Choice for 10 consecutive years through 2024.[12] On ESG commitments, the Sustainability Committee, chaired by Kee Wong since 2022, oversees environmental, social, and governance matters, including adoption of Task Force on Climate-related Financial Disclosures (TCFD) recommendations in 2023 and annual publication of a Sustainability Report that integrates ESG risks into the enterprise risk framework.[11][12] Ownership of CAR Group is predominantly held by institutional investors, who control approximately 49% of shares as of mid-2025, reflecting strong interest from professional funds.[13] Major shareholders include State Street Global Advisors with 7.19%, The Vanguard Group with 5.9%, and Aware Super with 5.07%, alongside other institutions like BlackRock and Bangarra Group.[14]History
Founding and early development
CAR Group, originally operating as carsales.com Ltd, was founded in 1997 by Greg Roebuck and Wal Pisciotta in Melbourne, Australia, with the aim of digitizing vehicle classified advertisements previously dominated by print media. The venture began as carz.com.au before acquiring the more memorable carsales.com.au domain in August of that year, marking the inception of a dedicated online platform for automotive listings.[15] The carsales.com.au website launched shortly after, initially featuring 500 vehicle listings and quickly gaining traction as internet access expanded in Australia. Complementing this online shift, the platform developed hybrid classified models through partnerships with print media outlets, allowing advertisers to leverage both digital visibility and established newspaper reach for broader exposure.[15] In its early years, carsales.com.au faced formidable challenges from entrenched competition by major newspapers, whose classified sections controlled the majority of vehicle advertising revenue. The bursting of the dot-com bubble in 2000–2001 further intensified pressures on nascent online ventures, including funding constraints and market skepticism toward internet-based businesses. Nevertheless, the company persevered, expanding its portfolio with the launch of bikesales.com.au to capture adjacent markets.[15][16] A pivotal step in early development came in October 2005, when carsales.com.au acquired the online classified assets of ACP Magazines—a division of Publishing and Broadcasting Limited (PBL)—for an undisclosed sum. The deal encompassed key sites including Carpoint.com.au (automotive), Boatpoint.com.au (marine), Bikepoint.com.au (motorcycles), and Ihub.com.au (specialist equipment), which were integrated into the carsales ecosystem to consolidate market share and diversify beyond core automotive listings. This acquisition eliminated direct online rivals and strengthened the platform's position as Australia's leading digital classifieds provider.[17]Domestic growth and ASX listing
Following its early establishment, CAR Group, then known as carsales.com Ltd, pursued significant domestic expansion in Australia and New Zealand through strategic ownership shifts and key acquisitions. In October 2005, Publishing and Broadcasting Limited (PBL), the parent company of ACP Magazines, acquired a 41% stake in carsales.com.au as part of a merger that integrated PBL's digital classifieds assets, including non-automotive categories, into the platform. This infusion of resources strengthened carsales.com.au's operational foundation and supported its scaling within the local market. By 2011, the stake had increased to 49.1%, held by Nine Entertainment (PBL's successor entity), which was subsequently sold for A$565.5 million to institutional and private investors, allowing carsales.com.au to further diversify its ownership and focus on independent growth.[18][19] A pivotal move in this period was the acquisition of Automotive Data Services, trading as Red Book, on 31 August 2007 for approximately A$12 million. Red Book, a leading provider of new and used vehicle specifications and valuation data since 1949, was integrated to enhance the accuracy and depth of listings on carsales.com.au, enabling better pricing tools and user trust in transactions. This acquisition directly bolstered domestic operations by embedding comprehensive vehicle valuation data into the platform, which improved ad quality and attracted more sellers and buyers in the Australian automotive sector.[20][21] The culmination of this domestic buildup was the company's initial public offering (IPO) on the Australian Securities Exchange (ASX) on 9 September 2009, under the ticker CAR. Shares were priced at A$3.50 each, raising up to A$248.7 million—the largest IPO in Australia that year—and resulting in a market capitalization of A$811.8 million upon listing. The proceeds were directed toward general corporate purposes, including platform enhancements and operational scaling to capitalize on the growing online classifieds market in Australia and New Zealand.[21][7] This period also saw substantial growth in market share, driven by expanded listings across vehicles, motorcycles, and related categories like caravans and boats. By 2008, the carsales.com.au platform hosted over 140,000 vehicles for sale, reflecting its dominance in online automotive advertising and contributing to an estimated 80-90% share of digital car classifieds in Australia. Enhanced features, such as integrated valuation tools from Red Book and dedicated sections for motorcycles via bikesales.com.au, further solidified its position, with motorcycle listings growing alongside the sector's 8.5% sales increase that year.[21][22]International expansion and acquisitions
CAR Group's international expansion began in 2013, leveraging its established position in the Australian automotive classifieds market to pursue growth opportunities in emerging and mature economies through strategic investments and acquisitions. This approach allowed the company to enter high-potential markets in Asia and Latin America, where digital automotive platforms were gaining traction amid rising internet penetration and vehicle ownership. In March 2013, carsales acquired a 19.9% stake in iCar Asia Limited, a leading online automotive marketplace operator in Southeast Asia, marking its first significant foray into the region. This investment provided access to fast-growing markets like Malaysia, Thailand, and Indonesia, with subsequent increases in ownership to strengthen control and integration. By 2014, the stake was increased by an additional 3%, reflecting ongoing commitment to the platform's expansion.[23][24] The following month, in April 2013, carsales secured a 30% interest in Webmotors, Brazil's largest online automotive classifieds platform, from Banco Santander. This stake positioned the company in Latin America's biggest vehicle market, benefiting from Webmotors' dominant position in new and used car listings. Ownership was later expanded with an additional 40% acquisition in 2023, bringing the total to 70% and enabling greater influence over operations in a market with over 80 million vehicles.[25][26] In Asia, carsales entered South Korea in March 2014 by acquiring a 49.9% stake in the online assets of SK Encar, the country's leading used vehicle trading platform. This joint venture capitalized on Encar's extensive dealer network and auction services, contributing to rapid revenue growth in the region. Full ownership was achieved in November 2017 with the purchase of the remaining 50.1% from SK Holdings, solidifying CAR Group's presence in one of Asia's most advanced automotive markets.[27][28] Expanding further in Latin America, carsales acquired Soloautos, Mexico's prominent online automotive classifieds site, in October 2015, taking a 65% controlling interest. This move targeted Mexico's burgeoning middle class and growing demand for digital vehicle transactions. In March 2016, the company acquired an 83.3% stake in Chileautos, Chile's top automotive marketplace, enhancing its regional footprint with a platform serving both consumers and dealers in South America's dynamic economies.[29][30] CAR Group's push into North America culminated in a staged acquisition of Trader Interactive, a leading operator of digital marketplaces for motorcycles, powersports, and recreational vehicles. In August 2021, carsales purchased a 49% stake, gaining entry into the specialized U.S. non-automotive vehicle sector. The remaining 51% was acquired in September 2022, achieving 100% ownership and integrating Trader's platforms like Cycle Trader and ATV Trader into the group's global portfolio.[31][32] Throughout these initiatives, CAR Group's strategy emphasized partnerships with local operators to adapt its digital classifieds model to regional preferences, such as language, payment systems, and cultural nuances in vehicle buying, while scaling proven technology from its Australian base to drive efficiency and market share in diverse geographies.[26]Rebranding and recent milestones
In November 2023, carsales.com Limited officially rebranded to CAR Group Limited to better reflect its evolution into a diversified global digital marketplace operator, extending beyond its Australian automotive roots to encompass international platforms in verticals such as powersports, boats, and heavy machinery.[33] The name change, effective on the ASX from November 3, 2023, underscored the company's expanded portfolio following years of acquisitions and underscored its position as an ASX 50 business with operations in Oceania, Asia, and the Americas.[34] In September 2023, CAR Group discontinued operations of Soloautos in Mexico due to challenging market conditions.[35] The COVID-19 pandemic prompted CAR Group to accelerate digital adoption across its platforms in 2020 and 2021, enhancing e-commerce capabilities to support contactless transactions amid lockdowns and shifting consumer behaviors. Key adaptations included a 122% growth in "Instant Offer" transactions through upgrades to its pricing engine and expanded dealer integrations, alongside the launch of the Placie mobility-as-a-service app minimum viable product on time and within budget.[36] These efforts drove a 21% increase in website visits to over 375 million and more than 1.1 billion user sessions in FY21, while the company provided approximately $39 million in financial support to dealers, including $11 million during Victoria's 2020 lockdown, to sustain operations.[36] A significant milestone came in September 2022 with the completion of CAR Group's acquisition of the remaining 51% stake in U.S.-based Trader Interactive for approximately USD $809 million, achieving full ownership of the leading digital marketplace for powersports, RVs, and marine sectors.[37] This deal, building on a 49% stake acquired in 2021, strengthened CAR Group's North American presence and diversified its revenue streams beyond automotive classifieds. In recent years, the company has invested in AI-driven technologies, including the 2025 launch of the Model Finder tool, an AI-powered vehicle recommendation system developed in partnership with Thoughtworks to enhance customer service and streamline matching for buyers on carsales.com.au.[38] Additional AI features, such as smarter lead prioritization and automated call summaries for dealers, were rolled out to improve sales efficiency.[39]Operations
Core services and platforms
CAR Group's core services revolve around digital marketplaces that facilitate vehicle buying and selling through online classifieds, enabling private sellers and dealers to list vehicles with detailed descriptions, photos, and pricing information.[4][40] These platforms support advanced search tools, allowing users to filter listings by criteria such as make, model, price range, location, and features, with options to save searches and receive alerts for matching inventory.[41] Advertising solutions include premium listing packages, sponsored placements, and targeted promotions to enhance visibility for sellers, driving higher engagement and transaction rates.[42] Key platforms extend to auction services, where users can participate in live or timed online auctions for vehicles, often streamed with real-time bidding to streamline the sales process.[43] Valuation tools, integrated with data from sources like RedBook, provide instant market-based estimates for used vehicles, adjusting for factors such as mileage, condition, and recent sales data to assist buyers and sellers in pricing decisions.[44][45] Mobile applications complement these offerings, enabling on-the-go browsing, listing creation, and notifications across iOS and Android devices.[46] Technological enhancements include AI-driven recommendations that personalize vehicle suggestions based on user behavior and preferences, improving discovery and conversion.[47] Data analytics tools deliver market insights, such as pricing trends, demand forecasts, and inventory performance metrics, empowering users with actionable intelligence derived from aggregated transaction data.[48] These services cover diversified categories beyond passenger vehicles, including motorcycles, caravans, marine vessels, trucks, and heavy equipment, ensuring broad applicability across mobility sectors.[49] While core features remain consistent, services are adapted to local regulations and preferences in various geographic markets.[3]Geographic markets
CAR Group maintains a dominant position in the Oceania region, with its core operations centered in Australia and New Zealand. In Australia, the company's primary platform, carsales.com.au, operates as the leading online automotive classifieds site, facilitating millions of monthly listings and user interactions while ensuring compliance with local regulations such as the Australian Consumer Law and data protection standards under the Privacy Act 1988. This localized approach includes tailored vehicle valuation tools and integration with national vehicle registries to streamline listings and enhance trust among users. In New Zealand, operations extend through integrated services on the same platform, including RedBook data services, adapting to regional preferences for used vehicle sales and adhering to the Fair Trading Act for transparent marketplace practices.[3][50] In Asia, CAR Group conducts operations in South Korea through its wholly owned Encar platform, which dominates the used car sector with advanced inspection services and digital transaction tools customized for local consumers, with the platform's website and mobile app available only in Korean.[51][52][53] The Americas represent a key area of expansion for CAR Group, with operations in Brazil via its majority-owned Webmotors platform, which leads the used vehicle market by offering integrated financing and logistics solutions tailored to the country's vast geography and economic volatility. In FY24, CAR Group achieved full consolidation of its ownership in Webmotors.[54][55] In Chile, chileautos holds the top position in online car listings, emphasizing user-friendly mobile features compliant with local consumer protection laws. The United States presence is through Trader Interactive, a specialist in powersports, recreational vehicles, and commercial equipment marketplaces, where the focus is on niche used vehicle segments with tools for inventory management and dealer networking. In FY24, CAR Group achieved full consolidation of its ownership in Trader Interactive.[56][52] Navigating these diverse geographic markets presents CAR Group with several challenges, including regulatory differences that require platform adjustments for varying data privacy laws and advertising standards across borders. Currency fluctuations, particularly in volatile economies like Brazil, impact revenue translation and profitability, necessitating constant currency reporting to assess underlying performance. Furthermore, competition from entrenched local players—such as in South Korea and fragmented digital startups in the Americas—demands ongoing investment in technology and market-specific innovations to sustain growth.[52][57]Subsidiaries and brands
Australian brands
CAR Group's Australian brands form a interconnected network of digital marketplaces specializing in vehicle classifieds and related services, primarily serving consumers and dealers in Australia and New Zealand. The flagship platform, carsales.com.au, operates as the leading online destination for buying and selling new and used cars, offering features such as advanced search tools, vehicle history reports, and dealer inventory management systems.[41] With over 200,000 active listings (as of 2023) and attracting 7.7 million monthly unique users (as of August 2025), it facilitates millions of transactions annually by connecting private sellers, dealerships, and buyers through a user-friendly interface that includes valuation tools and market insights.[58][59] RedBook provides essential vehicle pricing and data services, delivering comprehensive specifications, valuations, and inspection resources for cars, motorcycles, and other vehicles across Australia.[60] As a key data provider, RedBook maintains one of the largest proprietary automotive digital media libraries in the region, accessible via licensing for variant-level details, which supports accurate market assessments and is widely used by insurers, lenders, and consumers.[45] Its integration with other platforms enables seamless access to real-time pricing data, enhancing decision-making for buyers and sellers in the automotive ecosystem.[61] Complementing these, CAR Group's domestic portfolio includes specialized sites for niche vehicle categories, ensuring broad coverage of the Oceania market. Bikesales.com.au serves as the primary motorcycle classifieds platform, listing thousands of new and used bikes with dedicated tools for dealers and enthusiasts, including reviews and maintenance advice.[62] Similarly, boatsales.com.au and caravansales.com.au cater to marine and recreational vehicle enthusiasts, offering listings for boats, yachts, caravans, and campers, along with category-specific resources like financing calculators and regulatory guides. These sites, part of the broader carsales network, collectively address diverse mobility needs beyond passenger cars, from powersports to leisure vehicles.[63] The synergies among these brands create a unified ecosystem for comprehensive Australian coverage, where data from RedBook informs valuations across platforms like carsales.com.au and bikesales.com.au, while shared advertising and lead-generation tools allow cross-promotion to maximize reach.[45] This integration streamlines user experiences, enabling seamless navigation between categories—such as transitioning from car searches to motorcycle options—and supports dealers with consolidated analytics for inventory management across vehicle types. By leveraging a common technological backbone, the brands deliver targeted insights and enhanced trust, positioning CAR Group as a dominant player in Oceania's digital vehicle marketplace.[64]International subsidiaries
CAR Group's international subsidiaries operate as localized digital marketplaces tailored to their respective markets, focusing on used and new vehicle transactions while adapting to regional consumer preferences and regulatory environments. These entities contribute to the company's global diversification beyond its Australian core, emphasizing online classifieds, auctions, and value-added services like inspections and financing. The company also holds investments in automotive platforms in markets including Malaysia, Indonesia, Thailand, and China.[3][1] In South Korea, Encar serves as a leading online used car marketplace, capturing approximately 40% of the domestic used-car registration market. It provides comprehensive services including vehicle inspections conducted by certified experts to ensure quality and transparency, as well as financing options such as interest-free loans for premium imported models to facilitate buyer access. Encar's platform also integrates auctions and classified listings, supporting over 1.2 million annual vehicle registrations in a highly competitive market. The Encar platform, including its website (encar.com) and mobile app, is available exclusively in Korean, with no English language support or switcher provided.[65][66][67][68] Webmotors, based in Brazil, operates as a comprehensive automotive platform connecting buyers and sellers of new and used vehicles, including cars and motorcycles. The service extends to spare parts, accessories, and related offerings such as maintenance, repairs, funding, insurance, vehicle inspections, and online auctions, catering to both individual consumers and B2B interactions in Latin America's largest auto market. As a majority-owned entity, Webmotors leverages its audience leadership to drive digital transactions in a region with growing e-commerce adoption.[69] In the United States, Trader Interactive specializes in niche lifestyle vehicle segments, primarily motorcycles, recreational vehicles (RVs), and powersports through branded platforms like Cycle Trader, RV Trader, and ATV Trader. These marketplaces facilitate buying, selling, renting, and financing across powersports, RVs, marine, aircraft, commercial vehicles, and heavy equipment, with digital tools for real-time inventory management and multi-lender credit applications to streamline dealer-buyer interactions. The focus on specialized categories allows Trader Interactive to dominate vertical markets outside traditional passenger cars.[70][71] Chileautos functions as the premier automotive classifieds platform in Chile, offering regional listings for new and used vehicles with an emphasis on user-friendly search tools and local market insights to support emerging growth in South America's automotive sector. It prioritizes accessibility for consumers in a developing economy, integrating features for quick transactions and vehicle details to build trust in online dealings.[72][73][3] Across these subsidiaries, CAR Group implements integration strategies centered on data sharing and technological standardization to enhance operational efficiency and user experience globally. This includes unified platforms for analytics and AI-driven tools that enable cross-border insights, such as shared best practices in inventory management and customer personalization, while allowing local adaptations for cultural and regulatory differences in Oceania, Asia, and the Americas.[3]Financial performance
Revenue and profitability
In fiscal year 2024, CAR Group achieved proforma revenue of $1,099 million, representing a 17% increase from the prior year on a constant currency basis.[52] This growth was driven by expansions in core markets, with adjusted EBITDA reaching $581 million (up 17%) and an EBITDA margin of 52.9%.[52] Adjusted net profit after tax stood at $344 million, a 24% rise year-over-year, reflecting robust operational efficiency despite reported net profit of $250 million impacted by prior acquisition gains.[52] Post-2020, the company has sustained double-digit annual growth in both revenue and EBITDA, accelerating from pandemic recovery through strategic investments in digital platforms.[74] Revenue breakdowns by segment highlight the company's diversified geographic footprint, as shown below:| Segment | Revenue ($m) | Growth (%) |
|---|---|---|
| Australia | 450 | 13 |
| North America | 277 | 13 |
| Latin America | 182 | 25 |
| Asia | 121 | 15 |
| Investments | 68 | 12 |