PropertyGuru Group Limited - PGRU STOCK NEWS

PropertyGuru Group Limited (NYSE: PGRU) reported exceptional financial performance for Q3 2022, with revenues increasing by 47% year-over-year to S$34.6 million. Adjusted EBITDA reached S$5.7 million, improving significantly from a loss of S$1.5 million in the same quarter last year. The company faced a net loss of S$7.4 million, but this was an improvement compared to the S$9.6 million loss previously. Marketplaces revenue rose across all regions, with Vietnam showing a 161% increase compared to last year. PropertyGuru also acquired Sendhelper, expanding its services.

PropertyGuru Group Limited (NYSE: PGRU) will report its third quarter 2022 financial results on November 21, 2022. A conference call and webcast will follow at 8:00 am EST to discuss the results and future outlook. As Southeast Asia's leading property technology company, PropertyGuru provides access to over 3.5 million real estate listings and serves over 40 million property seekers monthly across Singapore, Malaysia, Thailand, Indonesia, and Vietnam. Further details and registration can be found on their Investor Relations website.

PropertyGuru Group Limited (NYSE: PGRU) has acquired Sendhelper, a Singapore home services technology company, to enhance its offerings in the property management sector. This strategic move aligns with PropertyGuru's growth strategy, aiming to serve Southeast Asia's property industry by providing homeowners and tenants with reliable home management services. Sendhelper's platform connects users to verified service providers, allowing easy access to various services. Although the acquisition is expected to offer long-term growth opportunities, it is not anticipated to significantly impact the Group's financial results for 2022.

PropertyGuru Group Limited (NYSE: PGRU) reported a substantial revenue increase of 44% year-over-year, totaling S$33.0 million for Q2 2022 and S$61.3 million for the first half of 2022. The company achieved a net income of S$3.8 million, recovering from a loss of S$139.8 million the previous year. Adjusted EBITDA turned positive at S$3.0 million for Q2. Growth was noted across all business segments, with highlights including a 170% surge in Malaysia's revenues. Despite the positive outlook, management remains cautious about potential market challenges.

PropertyGuru Group Limited (NYSE: PGRU) will report its second quarter 2022 financial results on August 25, 2022, at 8:00 AM EST / 8:00 PM SGT. A conference call and webcast will follow the earnings release, providing insights into the company's financial performance and future outlook. As Southeast Asia's leading property technology company, PropertyGuru serves over 38 million property seekers monthly, with over 3.3 million real estate listings available.

PropertyGuru Group Limited (NYSE: PGRU) reported a 42% year-on-year revenue increase to S$28.2 million for Q1 2022, driven by strong performances across all business segments. The company expects to achieve its full-year guidance of 44% revenue growth and return to positive Adjusted EBITDA. Key metrics include a 25.2% rise in Average Revenue Per Agent (ARPA) and significant growth in Malaysia's Marketplace revenue, which increased 192.3% year-on-year. Despite a net loss of S$120.3 million, the company remains committed to strategic growth and investments.

PropertyGuru Group Limited (NYSE: PGRU), a leading property technology company in Southeast Asia, has announced its financial results conference call for Q1 2022, scheduled on May 26, 2022 at 8:00am EST / 8:00pm SGT. The event will provide insights into the Company’s performance and future outlook. PropertyGuru serves over 38 million property seekers each month with more than 3.3 million real estate listings, enhancing property decisions across multiple Southeast Asian markets.

PropertyGuru Group Limited (NYSE: PGRU) reported a full-year revenue of S$100.7 million, marking a 22.7% increase year-over-year. Singapore marketplace revenue grew 19.9% to S$56.0 million, while Malaysia's revenue surged by 86.0% to S$14.7 million. The company is on track to achieve a 44.0% revenue growth for 2022 and aims to return to positive Adjusted EBITDA. Despite a net loss of S$187.4 million due to a preference share charge, management remains optimistic about long-term growth opportunities in Southeast Asia's expanding property market.

PropertyGuru Group Limited (NYSE: PGRU) has appointed Shyn Yee Ho-Strangas as Managing Director of its Data and Software Solutions business. With nearly a decade at Expedia Group, Shyn Yee brings extensive experience in software solutions and market expansion. This strategic hire comes after PropertyGuru's strong financial performance, with over S$100m in revenue for 2021, marking a 22.7% increase year-on-year. The company aims to utilize innovative data solutions to enhance transparency and efficiency in Southeast Asia's property market.