PropertyGuru Group (PGRU) has released an update.
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PropertyGuru Group, Southeast Asia’s leading property technology company, reported a solid first quarter in 2024 with a 12% increase in revenue to S$37 million and an impressive jump in Adjusted EBITDA to S$4 million, up from S$0.2 million the previous year. The company saw strong performance in the Singapore market, which contributed to a 25% revenue growth in that segment. Despite a net loss of S$6 million, PropertyGuru remains optimistic about the future, with a focus on cost management and profitability.
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