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PropertyGuru Group Limited (NYSE: PGRU) reported a significant financial performance for the fourth quarter and full year 2022. Total revenue rose by 35% to S$136 million for the year, with a 17% increase to S$40 million in Q4. The adjusted EBITDA improved substantially to S$14 million from a loss of S$10 million in 2021. Notably, the company achieved a positive adjusted EBITDA of S$5 million in Q4, compared to a loss of S$4 million in the previous year. Despite a net loss of S$5 million in Q4, PropertyGuru's strategic acquisitions and robust engagement market share in Southeast Asia indicate promising long-term growth potential. The outlook for 2023 estimates revenues between S$160 million and S$170 million.
PropertyGuru Group Limited (NYSE: PGRU), Southeast Asia's leading property technology company, has announced it will release its fourth quarter and full year 2022 financial results on March 1, 2023. A conference call will take place at 8:00 AM EST to discuss these earnings and the company's outlook. This call follows a period where PropertyGuru has positioned itself as the preferred platform for over 44 million property seekers monthly, highlighting its robust marketplace with more than 3.5 million real estate listings.