PropertyGuru's Q2 net loss widens to $16M despite revenue growth

Revenue rose 10% YoY to $41m.

PropertyGuru widened its net loss to $16m in Q2 2024 despite recording a 10% YoY increase in revenue and positive adjusted earnings before interest, taxes, depreciation and amortisation (EBITDA).

Revenue for the period was $41m, whilst adjusted EBITDA rose 48% YoY to $7m.

The company attributed its improved revenue to improvements in its Singapore, Malaysia, and Vietnam marketplaces.

In Q2, its Singapore marketplaces reported a revenue of $25m, up 16% YoY.

Still, with the group's net loss, it recorded a loss per share attributed to equity holders of 0.10 cents.

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