BrokeragesCompass beats revenue expectations, adds agentsWhile revenue improved 10%, the company reported steep losses — but CEO Robert Reffkin was more focused on the future of buyer agents during the earnings call.Dave GallagherMay 8, 2024
BrokeragesRedfin: Revenue is up, Kelman is bullish despite lossesEven as net losses increase, Redfin’s CEO says the company is in a good place: “When you give people a better deal, they actually beat a path to your door.”Dave GallagherMay 7, 2024
BrokeragesReal Brokerage revenue up 86% as agent count soarsThe company remains on a rapid-growth trajectory, but net losses also increased this quarter, largely due to a recent commissions lawsuit settlement.AJ LaTraceMay 7, 2024
IndustryOpendoor beats forecasts, ramps up home purchasesEven as revenue fell sharply year-over-year, the iBuyer sees an opportunity to “shape the future of real estate” by giving consumers more options.Cheryl Reid-SimonsMay 2, 2024
BrokeragesRE/MAX sees dip in revenue, agents in first quarterFollowing a series of leadership changes, the company is focusing on cutting expenses as it navigates the tough real estate market.Dave GallagherMay 2, 2024
BrokerageseXp hopes to stem agent losses with rev share updatesDuring an earnings call, Glenn Sanford said he wants to help agents “in the middle,” while noting that revenue was up and touching on the commissions lawsuits.Dave GallagherMay 1, 2024
IndustryZillow revenue up thanks to big gains in rentals and mortgagesThe company reported better-than-expected revenue of $529 million in Q1 — a 13% improvement from a year ago — and hinted at further monetizing its audience. AJ LaTraceMay 1, 2024
BrokeragesAnywhere focused on cost-cutting as revenue holds steadyRevenue and agent count dipped slightly, but the company highlighted the strength of its Sotheby’s brand and its progress toward a $100 million savings goal.AJ LaTraceApril 25, 2024
IndustryCoStar revenue up 12%, but Homes.com advertising eats into profitsHomes.com subscription sales to agents are the biggest product launch in CoStar history, said CEO Andy Florance, as the company pursues portal dominance.Cheryl Reid-SimonsApril 23, 2024
BrokeragesReal posts big gains in agent count, revenue and transactionsFourth-quarter revenue was up a whopping 89%, though net losses rose along with operating expenses.AJ LaTraceMarch 7, 2024
BrokeragesRedfin cuts losses, touts site trafficCEO Glenn Kelman highlighted new programs and told investors the company isn’t interested in an ad war: “Our basic thesis is that the best product wins.”Cheryl Reid-SimonsFebruary 27, 2024
BrokeragesCompass continues to add agents, improves lossesRevenue dipped, but Compass managed to gain more than 1,000 agents in 2023 and cut losses for the year nearly by half.Dave GallagherFebruary 27, 2024
BrokeragesRE/MAX: Growing US agent count a top priority as revenue fallsLosses rose as revenue, U.S. agent count dropped. After a leadership shakeup, CEO Erik Carlson said having "the right people" is "vital to our future success."Cheryl Reid-SimonsFebruary 23, 2024
BrokerageseXp drops nearly 2K agents in fourth quarter as profits fallThe company said its "decision to offboard a significant number of unproductive agents" in Q4 was offset by "excellent" retention of strong producers.Dave GallagherFebruary 22, 2024
IndustryCoStar revenue — and Homes.com push — beats expectationsCEO Andy Florance said Homes.com sold $4.5 million worth of new subscriptions to residential real estate agents in the first week after the Super Bowl.Dave GallagherFebruary 20, 2024
IndustryOpendoor trims losses, looks to buy more houses in 2024The leading iBuyer lost $275 million in 2023, but that was less than a fifth of 2022 losses. Now the focus is “sustainable” growth of the business.Cheryl Reid-SimonsFebruary 15, 2024
BrokeragesAnywhere revenue took a hit in Q4, dipped 18% in 2023Net losses for the year improved, however. CEO Ryan Schneider pointed to debt reduction and settlements as wins, and spoke favorably about buyer agreements.AJ LaTraceFebruary 15, 2024
IndustryZillow beat revenue expectations in fourth quarterWhile still posting a net loss, the company reported higher-than-expected revenue from its residential and rental businesses as Premier Agent held steady.Dave GallagherFebruary 13, 2024
BrokeragesReal revenue, agent count up nearly 100% in past 12 monthsStrong growth was the theme of the quarter despite a net loss. CEO Tamir Poleg also said he believed Real will come out ahead should commissions rules change.AJ LaTraceNovember 9, 2023
BrokeragesCompass CEO expresses 'confidence' in commissions following verdictIn the Q3 earnings call, Robert Reffkin said Sitzer/Burnett probably won't lower commission splits, highlighted the company's strength despite continued losses.Dave GallagherNovember 6, 2023