Earnings

The home search giant beat revenue expectations in Q4 as it continued to make big strides in mortgages and rentals, and announced a new partnership with Redfin.

Top iBuyer highlights new products and shifts in agent pay as it joins Offerpad, Elliman and Fathom in finding bright spots after tough third-quarter results.

During a Q3 earnings call, CEO Ryan Schneider reiterated his support of the CCP but said large firms would be the winners if it goes away. Revenue, income fell.

CEO Glenn Kelman apologized to shareholders but also said expansion of the company’s new agent pay plan will help the brokerage “go on the attack” in 2025.

The company suffered losses due to its payout in the commissions settlement, but touted agent productivity, international growth and positive revenue.

The company says its innovative AI and financial products give it an edge as it increases revenue and agent count despite a difficult housing market.

Growth across all major divisions, which the company attributed to strong conversions and agent partnerships, produced double-digit gains in the third quarter.

Numbers were down, but revenue declines slowed. Leadership painted a cautiously optimistic picture — and presented its point of view on Clear Cooperation.

Revenue was also up, and CEO Robert Reffkin said top agents have been able to increase commissions “since they are now able to negotiate for themselves again.”

Revenue was up 11%, and the company plans to accelerate the growth of the Homes.com sales team despite some slowdown in traffic from the previous quarter.

Agent count has also continued to decline, and CEO Erik Carlson said they are looking at all aspects of their business in preparation for an industry rebound.

Revenue was up 13% in Q2, and the company — now with a new CEO — said it's in a strong position: “We have the most customers, we work with the best partners."

The company reported strong Q2 numbers, noting that its rev share model and tech will continue to give it an edge, while “traditional models may struggle.”

CEO Glenn Kelman says the company's lower-fee model will attract consumers who are now more aware of commissions: "We can use price as a weapon to gain share."

It’s early, the iBuyer’s CEO says, but Opendoor has seen “10-15 basis points of pressure” on commission rates. “Not a huge amount, but decidedly different.”

A $20 million payment on its commissions litigation settlement takes a bite out of cash flow but cost-cutting efforts yield $30 million in savings.

eXp showed growth in revenue and transactions as execs pitched the company’s value prop ahead of August 17 rules changes mandated by the NAR settlement.

The brokerage also reported double-digit growth in transactions and agent count, in part due to significant acquisitions this spring.

CEO Andy Florance touted the growth of Homes.com and said its traffic data source was more reliable, comparing it to “election results” versus “polls.”

The company said despite the hit to its bottom line in Q1, the settlement will reduce uncertainties and let it focus on cost reduction and market expansion.