PropertyGuru Group Limited (NYSE:PGRU) Q3 2023 Results Conference Call November 21, 2023 7:30 AM ET

Company Participants

Nat Otis - VP, IR

Hari Krishnan - CEO and MD

Joe Dische - CFO

Conference Call Participants

Nick Jones - JMP Securities

Operator

Thank you for standing by, and welcome to the PropertyGuru Group Third Quarter 2023 Earnings Conference Call. [Operator Instructions]. As a reminder, today's program will be recorded. If anyone objects, please disconnect now.

Now let me introduce Nat Otis, VP of Investor Relations. Mr. Otis, please go ahead.

Nat Otis

Good morning and good evening. Welcome to PropertyGuru Group's Third Quarter 2023 Earnings Conference Call. On the call today are Hari Krishnan, CEO and Managing Director; and Joe Dische, CFO.

Before we get started, a few reminders. Firstly, our results are available in the earnings release that can be found in the Investors section of our website. Secondly, today's webcast is being recorded. Replay along with a transcript will also be available on the Investors section of our website. Thirdly, we'll be making forward-looking statements, including, but not limited to, statements regarding our future results and expectations for the business. These statements are neither promises nor guarantees and involve risk and uncertainties that may cause actual results to vary materially.

Please refer to our earnings release and SEC filings for more information regarding risk factors. Forward-looking statements are based on current expectations, and the company is not obliged to update them except as required by law. Fourthly, this call will also contain non-IFRS financial measures. For a reconciliation of non-IFRS financial measures to the most directly comparable IFRS metric, please see our earnings press release. Lastly, all dollar references are in Singapore dollars unless otherwise stated.

With that, let me turn the call over to Hari.

Hari Krishnan

Thank you for joining us today for our third quarter 2023 earnings conference call. PropertyGuru has demonstrated resiliency with another period of double-digit revenue growth and the second consecutive quarter of robust double-digit adjusted EBITDA margins. This growth is a testament to our focused investments and effective execution against the backdrop of weakened consumer confidence and a slow property market in Vietnam and uncertain economic conditions in Malaysia. We recognize the challenges and uncertainties in predicting market trends.

Our focus, however, remains on creating value for our consumers and customers and helping them make confident property decisions. We will continue to execute our operating strategy, delivering results that underscore the value of our business to all stakeholders and positioning ourselves to capitalize when markets stabilize. Let me walk you through some of the highlights from this quarter, starting with our business in Singapore.