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PropertyGuru (NYSE: PGRU) reported a 12% year-over-year revenue increase to S$37 million in Q1 2024. Adjusted EBITDA rose to S$4 million from S$0.2 million in Q1 2023, with a net loss of S$6 million, an improvement from a S$10 million loss in the same period last year. Singapore saw a 25% increase in revenue, while Malaysia and Vietnam remained flat. The company maintained its full-year revenue outlook of S$165-180 million and Adjusted EBITDA of S$22-26 million. Key initiatives included the adoption of AI features by agents in Singapore and the introduction of a Professional Agent Verification process in Vietnam.
PropertyGuru Group , a leading property technology company in Southeast Asia, will report its first-quarter 2024 financial results on May 21, 2024. The Company will host a conference call and webcast to discuss the financial results and outlook.