ER NEWS Recap Today: Ohmyhome Reports Strong Y-o-Y Business Growth in First Half of 2024
Ohmyhome (NASDAQ: OMH), a property technology platform, reported significant year-over-year growth in the first half of 2024 across its brokerage, renovation, and property management segments.
The brokerage segment saw a 53% Y-o-Y increase in Gross Transaction Value (GTV), now accounting for 60% of total property value transacted. The renovation segment experienced a 194% growth due to an increase in office and residential projects. The property management segment, newly acquired, also demonstrated promising growth with a 29% Y-o-Y increase in managed projects.
Anticipated revenue for H1 2024 is expected to exceed 110% growth compared to H1 2023. The company launched new features in its HomerAI product, enhancing user experience for homeowners and buyers through AI-driven tools and simplified processes.
CEO Rhonda Wong expressed excitement about these achievements and future tech-driven innovations.
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53% Y-o-Y growth in brokerage segment GTV, now representing 60% of total property value transacted.
194% Y-o-Y growth in the renovation segment.
29% Y-o-Y increase in projects under property management segment.
Anticipated revenue growth of over 110% for H1 2024 compared to H1 2023.
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