Malaysia-based classifieds and marketplaces operator Frontier Digital Ventures (FDV) delivered a record A$22.1 million ($14.4 million U.S.) revenue in Q2 2024, representing 15.0% year-on-year (y-o-y) growth, according to its trading update

Its revenue from 360 LatAm — InfoCasas, Fincaraiz, Yapo.cl and Encuentra24.com — soared 18% y-o-y to A$14.8 million. Revenue from FDV Asia (consolidated entities) also rose by 18% y-o-y to A$1.7 million. MENA Marketplaces Group — Avito.ma, Moteur.ma, Tayara and PropertyPro.ng — contributed A$2.5 million and FDV Asia (associates — Zameen.com and Pakwheels.com) added A$3.1 million to the group’s revenue, representing 4% and 13% growth, respectively.

FDV founder and CEO Shaun Di Gregorio cheered the company’s “bestever quarterly performance”

Earnings before interest, taxes, depreciation and amortization (EBITDA) increased by 10% y-o-y to A$1.8 million ($1.2 million).

“Each of our operating regions are EBITDA positive, which enables us to invest in product development. The product roadmaps in each of our operating regions are targeted investments designed to drive long-term revenue growth and value creation,” added Di Gregorio.

“Over the past 18 months, we have successfully navigated the challenges posed by uncertain economic conditions around the globe. As these conditions show signs of improvement, we expect to see improved trading conditions in the medium term.” – AimGroup