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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
PropertyGuru Group
PropertyGuru Group (PGRU) investor relations material
PropertyGuru Group has been private
PropertyGuru Group Q2 2024 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q2 2024 earnings summary4 Sep, 2024
Executive summary
Revenue rose 10% year-over-year to S$41 million in Q2 2024, driven by growth in Vietnam and continued strength in Singapore, Malaysia, and fintech/data services.
Adjusted EBITDA increased 48% to S$7 million, with margin improving to 17% from 13% in Q2 2023.
Net loss widened to S$16 million from S$6 million in Q2 2023, impacted by restructuring and strategic review costs.
Financial highlights
Marketplaces revenue grew 11% year-over-year to S$39 million, led by Singapore (+16%), Malaysia (+12%), and Vietnam (+4%).
Fintech & Data services revenue increased 3% to S$1.6 million.
Cash and cash equivalents stood at S$309 million at quarter-end.
Basic and diluted loss per share was S$0.10 for Q2 2024, compared to S$0.04 in Q2 2023.
Outlook and guidance
Management highlights ongoing market recovery in Vietnam and continued agent and ARPA growth in Singapore.
The company is undergoing a strategic reorganization and is subject to a pending acquisition by EQT Private Capital Asia.
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Frequently asked questions
PropertyGuru Group Limited is a property technology company in Southeast Asia, primarily engaged in operating digital property classifieds marketplaces. Established in 2007, PropertyGuru facilitates the property search process across Singapore, Malaysia, Vietnam, Thailand, and Indonesia through its technology-driven platforms. These platforms assist property seekers, real estate agents, property developers, banks, and valuers by offering digital and marketing services along with sales process and workflow automation software. PropertyGuru Group Limited is headquartered in Singapore, and its shares are listed on the New York Stock Exchange.