BrokeragesReal defies the odds, reports strong annual revenue gainsThe Real Brokerage more than doubled its agent count vs. last year, with chairman and CEO Tamir Poleg crediting its technology and “agent attraction model.”Amie FisherMay 11, 2023
BrokeragesDouglas Elliman down in Q1 but betting on luxury turnaroundThe brokerage reported a net loss of $15.1 million in the first quarter but says it has plenty of cash on-hand to carry it through the down cycle.AJ LaTraceMay 10, 2023
BrokeragesCompass loses $150 million, but finds reasons for optimismWith the rollout underway for its end-to-end transaction platform, and agent count up, Compass projects that it will be cash-flow positive next quarter.Dave GallagherMay 9, 2023
BrokeragesRE/MAX revenue down, but mortgage business is growingThe company lost $700K and saw U.S. agent count decline in Q1, but said the results met expectations and focused on opportunities for Motto Mortgage.AJ LaTraceMay 5, 2023
BrokeragesRedfin revenue down by nearly half, but better than expectedRedfin CEO Glenn Kelman says the company is ‘leaner, hungrier’ and ready for when the real estate market rebounds.Dave GallagherMay 4, 2023
IndustryOpendoor posts big losses but aims for positive margins by Q3The leading iBuyer lost $101 million in Q1, but that's a significant improvement over the previous quarter, and they are now "looking for stabilization."AJ LaTraceMay 4, 2023
BrokeragesAnywhere on track with cuts but still loses $138 millionThe company missed analyst expectations by $0.48 per share but achieved cost savings of $50 million while legal headwinds put pressure on the bottom line.Stephanie Reid-SimonsMay 3, 2023
IndustryZillow improved revenue, reduced losses despite annual declines The Seattle-based company beat analyst expectations for the first quarter and is entering a crucial period as it unveils new products.Dave GallagherMay 3, 2023
IndustryOfferpad slows losses after selling off 'legacy' inventoryThe company managed to cut losses by half in Q1, and CEO Brian Bair said Offerpad has a "realistic and achievable plan" to meet its goals.Cheryl Reid-SimonsMay 3, 2023
Brokerages'Extremely challenging' market contributed to eXp's mixed results in Q1The cloud-based brokerage reported declines in revenue and transactions, but ended the quarter in the black and boosted agent count. Amie FisherMay 2, 2023
IndustryCoStar beats expectations, increases revenue by 13%The company cited increased traffic to its portal websites, including Homes.com, as one reason for its growth.Dave GallagherApril 25, 2023
BrokeragesReal posts net loss for 2022 but sees a turnaround comingDespite a challenging real estate market, CEO Tamir Poleg expects the company’s EBITDA to turn positive in the second half of 2023.Dave GallagherMarch 16, 2023
BrokeragesDouglas Elliman quarterly revenue down 40% from year beforeThe luxury brand reported steep quarterly and full-year losses, but said annual transaction volume outperformed the industry.Amie FisherMarch 10, 2023
BrokeragesAgent count up, offsetting losses for top Canadian brokerage companyBridgemarq Real Estate Services reported revenue of $49.9 million in 2022 and added more than 500 agents.Stephanie Reid-SimonsMarch 9, 2023
BrokeragesCompass revenue down, but Q4 losses improveRevenue was $1.1 billion, down 31% compared to Q4 2021, but cost-cutting measures may be stemming the tide of losses.Linda F. HerseyFebruary 28, 2023
BrokerageseXp has sluggish fourth quarter but posts record annual revenueThe Washington-based real estate giant missed revenue estimates in Q4 but increased agent count to more than 86,000.Dave GallagherFebruary 28, 2023
IndustryOpendoor posts $399M loss in Q4 but sees growth aheadDespite losses on home sales, CEO Carrie Wheeler said the company believes in its value proposition and sees "significant runway" via its Zillow partnership.Linda F. HerseyFebruary 23, 2023
BrokeragesAnywhere reports losses of nearly half a billion in Q4CEO Ryan Schneider said the company will make cost reductions to bring operations in line with the market, as he expects a volatile year in real estate. Linda F. HerseyFebruary 23, 2023
IndustryCoStar’s Andy Florance: ‘We are not buying Move’Florance, founder and CEO, made the announcement during a Q4 earnings conference call Tuesday, which also highlighted the company's revenue gains.Linda F. HerseyFebruary 21, 2023
BrokeragesRedfin revenues down 25% but better than expectedCEO and founder Glenn Kelman said the company is continuing to cut expenses and looking to increase the number of online visitors who hire Redfin agents.Dave GallagherFebruary 16, 2023