PropertyGuru sinks deeper into the red with $16.1m Q2 loss
The Straits Times|September 06, 2024
PropertyGuru sank deeper into the red in the second quarter ended June 30 with a net loss of $16.1 million, widening from $6.5 million recorded in the previous corresponding period.

However, the group's revenue for the second quarter rose 10.3 per cent to $40.7 million, from $36.9 million in the year-ago period. This came on the back of higher contributions from its marketplaces segment buoyed by improving conditions in Malaysia, Vietnam and Singapore, said the group.

The revenue of the marketplaces segment rose 10.6 per cent on the year to $39.1 million, from $35.4 million previously.

Its Singapore marketplaces registered the highest increase in revenue, up 16 per cent to $25 million from $21.5 million last year.

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