Propertyguru Group Limited Provides Revenue Guidance for the Year 2023
November 21, 2023 at 07:30 am EST
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PropertyGuru Group Limited provided revenue guidance for the year 2023. For the year, the company expects revenue to between $148 million and $152 million taking into account a slow recovery in Vietnam for the remainder of 2023 and macro uncertainty in Malaysia.
PropertyGuru Group Limited is a property technology company. The Companyâs platforms provide online property listings to match buyers, sellers, tenants and landlords; digital and marketing services for developers; a digital mortgage marketplace and brokerage; a data services business for enterprise clients including property agencies, developers, valuers and banks; sales process and workflow automation software for developers; and an online marketplace that connects homeowners and tenants with verified home service providers. Its segments include Singapore, Vietnam, Malaysia and Other Asia (collectively, Marketplaces segments), and Fintech and data services. The Marketplaces segments consist of core listing marketplace for agents and developer marketing solutions business. The Fintech and Data segment consists of the digital mortgage marketplace business, PropertyGuru Finance, where commission is earned from financial institutions on each mortgage brokered and from insurance providers.