Frontier Digital Ventures Reports Record Breaking Year

January 27, 2022
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The publicly traded portal operating company Frontier Digital Ventures (FDV) has released its results for the financial year 2021. Highlights of the company's latest results include:

  • Record yearly revenue of A$60.2 million (FDV % share basis)
  • Record monthly revenues in December of A$6.5m which annualises at A$78m
  • Record A$1.9m EBITDA with 12 of the 16 portfolio companies EBITDA positive for the year

FDV operates a portfolio of portal companies across developing markets across Asia, LATAM and Africa. The Malaysia based company recently increased its stake in South American real estate vertical InfoCasas (from 51% to 100%) and in 2020 expanded its portfolio with the acquisition from Adevinta of real estate verticals Yapo in Chile as well as Fincaraíz in Colombia.

The undoubted jewel in FDV's crown however is the market-leading Pakistani real estate vertical Zameen in which FDV owns a 30% stake. Zameen's performance over the year stood out as it contributed A$2.9m EBITDA at a +16% margin, figures that represent a 465% increase on FY20.

Also singled out for praise was InfoCasas which grew overall revenues by 130% over the year and contributed A$11 million to FDV's bottom line. The more transactional model employed by the Montevideo-based company is being used as an example for other portfolio companies according to FDV's founder and CEO, Shaun Di Gregorio:

"InfoCasas provides a great example of the rapid revenue growth achievable as transaction revenues augment traditional classifieds revenues. Similarly, Zameen’s rapidly increasing profitability highlights the earnings potential of transactional marketplaces as market leadership and scale increases. We  expect our other operating companies to follow in their footsteps, in line with our long-term value  creation strategy for shareholders."

January 27, 2022
Edmund got to know the world of portals and marketplaces working at Mitula Group (which became Lifull Connect after the buyout in 2018). He worked directly with hundreds of portals across the world in his role in the content department for three and a half years before transferring to the SEO department to understand the inner workings of listings sites. He joined Online Marketplaces as Head of Content in March 2020.

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