Frontier Digital Ventures Reports Record Breaking Year

January 27, 2022
Share this Post: 

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
Since March 2020 Edmund's job has been to read about, write about, collect data on, analyse and generally know about real estate marketplaces and the companies that run them. Before that he worked at the aggregator Mitula Group (which became Lifull Connect) for five years.

Subscribe to our mailing list to get the famous, free Friday newsletter!

News and analysis to help build better online marketplace businesses, in your inbox, every Friday

Related News

People Roundup 20 June 2024
People Roundup: CoStar Group, Holo, Dubizzle

This week's people roundup is finance-heavy, with two CFO appointments coming out of Asia and the United States.   CoStar...

Read More
Aggregators Article Hero Imaghe
What Are Real Estate Aggregators and Are They About to Disappear?

Looking back at the talking points from Property Portal Watch 2010 it seems that classifieds aggregators caused a stir in...

Read More
Houseful Rebrand
Houseful (Zoopla) Launches "Movemnt" Transaction Infrastructure for Property Professionals

Houseful has launched "Movemnt", a free-to-use national home transaction infrastructure for all estate agents, conveyancers, mortgage lenders, and brokers. Movemnt joins...

Read More
Untitled Design 15 1 Releases Next Stage of Its Buyer Agency Advertising Campaign, the number-two portal in the US and part of the three-way battle for market leadership in the so-called "portal...

Read More

Editor's Pick