BrokerageseXp looks to international growth as profits fallCEO Glenn Sanford acknowledged the challenging market, but said eXp has increased market share and added agents even as revenue remains flat.AJ LaTraceNovember 3, 2023
BrokeragesRE/MAX losses soar following payout in commissions casesWhile revenue dipped slightly, net losses totaled more than $59 million, but CEO Steve Joyce said the company continued to make progress in a tough market.Robert DavisNovember 2, 2023
BrokeragesRedfin ready for a ‘revolution’ after commissions verdictCEO Glenn Kelman told investors its customer focus, including self-service options for buyers, helped improve earnings and could help Redfin grab market share.Cheryl Reid-SimonsNovember 2, 2023
IndustryAs revenue plummets, Opendoor aims for a turnaround in 2024During the company's Q3 earnings call, CEO Carrie Wheeler said she anticipates a quiet fourth quarter but an uptick in home acquisitions next year.AJ LaTraceNovember 2, 2023
IndustryZillow ‘well positioned to thrive’ despite commissions trial outcomeDuring the Q3 earnings call, CEO Rich Barton discussed the Sitzer/Burnett verdict and how it could affect Zillow — and the industry as a whole.AJ LaTraceNovember 1, 2023
IndustryCoStar to accelerate investment in Homes.com, posts revenue gainsThe company reported $625M in Q3 revenue and touted the growth of its residential portal, which it says is well-positioned should commission practices change.Dave GallagherOctober 24, 2023
BrokeragesAnywhere’s revenue holds steady even as transactions fallIn its Q3 earnings report, the company highlighted its $1.6B in revenue, debt reduction, and a settlement that “puts significant litigation behind us.” AJ LaTraceOctober 24, 2023
BrokeragesBridgemarq returns to profitability, but income down 90% from 2022The Canadian brokerage giant saw a much smaller drop in revenue, and agent count increased slightly.Cheryl Reid-SimonsAugust 12, 2023
BrokeragesDouglas Elliman still sees hope in luxury after a tough Q2The company reported significant year-over-year declines, with revenue taking a nearly 25% hit — but numbers were much improved over Q1.Cheryl Reid-SimonsAugust 11, 2023
BrokeragesReal reaches profitability milestone in Q2Despite a net loss of just over $4M, the company increased revenue by 65% and reported EBITDA profits for the first time, while also doubling agent count.Dave GallagherAugust 9, 2023
BrokeragesCompass improving its bottom line despite continued lossesThe brokerage lost $48 million in Q2 — an improvement after substantial losses in Q1 — and the company emphasized its free positive cash flow. Dave GallagherAugust 7, 2023
IndustryAs revenue falls, Opendoor returns to profitabilityThe top iBuyer hopes scaling home purchases, improving margins and leveraging partnerships will continue fueling its return to positive net income.AJ LaTraceAugust 3, 2023
BrokeragesRedfin to change up agent recruiting, splits as losses continueAmid falling revenue and elusive net profits, the company plans to pilot a program to give agents "the lion’s share of the commission on self-sourced sales."Cheryl Reid-SimonsAugust 3, 2023
BrokerageseXp delivers a profitable second quarter — and adds agentsThe company reported a net income of $9.4 million, slightly below expectations, while its agent count grew by 7%.Dave GallagherAugust 3, 2023
BrokeragesRE/MAX profits up, revenue down — and U.S. agents keep leavingThe company's net income of $2 million was an improvement after losses in Q1, while revenue fell by more than 10% and U.S. agent count dropped by 6.3%.Cheryl Reid-SimonsAugust 2, 2023
IndustryZillow revenue exceeds expectations, bolstered by rentalsOverall revenue was up from Q1 and slightly higher year-over-year, but net losses continued to mount.Dave GallagherAugust 2, 2023
IndustryOfferpad revenue down more than 60% but profits are upThe iBuyer reduced losses and acquired more homes over Q1, but sales and revenue dipped significantly.AJ LaTraceAugust 2, 2023
IndustryAnother strong quarter for CoStar as revenue, site traffic climbsThe commercial and residential real estate giant continues to grow revenue and income while also investing in Homes.com.Dave GallagherJuly 25, 2023
BrokeragesAnywhere is back in the black after 2 quarters of steep lossesWhile down year-over-year, revenue and income were up over the previous quarter, but the company missed expectations on earnings per share.Amie FisherJuly 25, 2023
BrokeragesA tough first quarter for top Canadian brokerage companyBridgemarq Real Estate Services reported a net loss of $4.7 million, attributing the drop to the housing market downturn.Stephanie Reid-SimonsMay 11, 2023