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PropertyGuru Group Limited (PGRU) is Asia’s leading online property company, revolutionizing the real estate market across Singapore, Malaysia, Thailand, Indonesia, and Vietnam. Established in 2007 with the launch of PropertyGuru.com.sg, the company made property search transparent and accessible online, significantly transforming the Singapore property market. Today, PropertyGuru serves over 25 million property seekers every month, offering a vast selection of more than 2 million homes.
The company empowers users with in-depth market insights and solutions, enabling confident property decisions. PropertyGuru has grown into a high-growth technology company, boasting a robust portfolio of No.1 property portals, award-winning mobile apps, and innovative tools like the developer sales enablement platform, ePropertyTrack.
In addition to their core digital property marketplaces matching buyers and tenants with sellers and landlords, PropertyGuru offers digital marketing services for property agents and developers, SaaS-based sales process automation, a digital mortgage marketplace and brokerage, and property data consultancy services for banks, valuers, and developers. Their operations are segmented into four primary marketplaces: Singapore, Vietnam, Malaysia, Other Asia, as well as Fintech and data services.
With a strong foothold in the property technology sector, PropertyGuru continues to lead the market with its forward-thinking approach, hosting industry-leading awards, events, and publications across eleven countries in Asia, cementing its position as a trailblazer in the real estate industry.
PropertyGuru Group Limited (NYSE: PGRU) reported a significant financial performance for the fourth quarter and full year 2022. Total revenue rose by 35% to S$136 million for the year, with a 17% increase to S$40 million in Q4. The adjusted EBITDA improved substantially to S$14 million from a loss of S$10 million in 2021. Notably, the company achieved a positive adjusted EBITDA of S$5 million in Q4, compared to a loss of S$4 million in the previous year. Despite a net loss of S$5 million in Q4, PropertyGuru's strategic acquisitions and robust engagement market share in Southeast Asia indicate promising long-term growth potential. The outlook for 2023 estimates revenues between S$160 million and S$170 million.
PropertyGuru Group Limited (NYSE: PGRU), Southeast Asia's leading property technology company, has announced it will release its fourth quarter and full year 2022 financial results on March 1, 2023. A conference call will take place at 8:00 AM EST to discuss these earnings and the company's outlook. This call follows a period where PropertyGuru has positioned itself as the preferred platform for over 44 million property seekers monthly, highlighting its robust marketplace with more than 3.5 million real estate listings.
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