Latest news with #GlennSanford
Yahoo
07-05-2025
- Business
- Yahoo
eXp World (NASDAQ:EXPI) Misses Q1 Sales Targets
Real estate technology company eXp World (NASDAQ:EXPI) missed Wall Street's revenue expectations in Q1 CY2025 as sales only rose 1.3% year on year to $954.9 million. Its GAAP loss of $0.07 per share was significantly below analysts' consensus estimates. Is now the time to buy eXp World? Find out in our full research report. eXp World (EXPI) Q1 CY2025 Highlights: Revenue: $954.9 million vs analyst estimates of $994.8 million (1.3% year-on-year growth, 4% miss) EPS (GAAP): -$0.07 vs analyst estimates of -$0.01 (significant miss) Adjusted EBITDA: $2.16 million vs analyst estimates of $11.96 million (0.2% margin, 82% miss) Operating Margin: -1.1%, in line with the same quarter last year Free Cash Flow Margin: 3.9%, down from 6.3% in the same quarter last year Market Capitalization: $1.33 billion 'We're entering 2025 from a position of strength. eXp has built one of the most comprehensive, tech-enabled agent value stack in the industry – one that's driving record International agent productivity and empowering entrepreneurs at scale,' said Glenn Sanford, Founder, Chairman and CEO of eXp World Holdings. Company Overview Founded in 2009, eXp World (NASDAQ:EXPI) is a real estate company known for its virtual, cloud-based approach to real estate brokerage. Sales Growth Examining a company's long-term performance can provide clues about its quality. Any business can experience short-term success, but top-performing ones enjoy sustained growth for years. Luckily, eXp World's sales grew at an incredible 33.1% compounded annual growth rate over the last five years. Its growth beat the average consumer discretionary company and shows its offerings resonate with customers. eXp World Quarterly Revenue Long-term growth is the most important, but within consumer discretionary, product cycles are short and revenue can be hit-driven due to rapidly changing trends and consumer preferences. eXp World's recent performance shows its demand has slowed significantly as its annualized revenue growth of 1.6% over the last two years was well below its five-year trend. eXp World Year-On-Year Revenue Growth This quarter, eXp World's revenue grew by 1.3% year on year to $954.9 million, falling short of Wall Street's estimates. Looking ahead, sell-side analysts expect revenue to grow 6.1% over the next 12 months. Although this projection suggests its newer products and services will spur better top-line performance, it is still below the sector average. Software is eating the world and there is virtually no industry left that has been untouched by it. That drives increasing demand for tools helping software developers do their jobs, whether it be monitoring critical cloud infrastructure, integrating audio and video functionality, or ensuring smooth content streaming. Click here to access a free report on our 3 favorite stocks to play this generational megatrend.
Yahoo
06-05-2025
- Business
- Yahoo
eXp World Holdings Reports Q1 2025 Results
The Company paid a cash dividend for the first quarter of 2025 of $0.05 per share of common stock on March 19, 2025. On May 5, 2025, the Company's Board of Directors declared a cash dividend of $0.05 per share of common stock for the first quarter of 2025, expected to be paid on June 4, 2025 to stockholders of record on May 19, 2025. As of March 31, 2025, cash and cash equivalents totaled $115.7 million, compared to $109.2 million as of March 31, 2024. First Quarter 2025 Consolidated Financial Highlights as Compared to the Same Year-Ago Period: 'The real estate industry is at a pivotal crossroads, and eXp is proudly leading the charge to protect transparency, consumer choice, and healthy competition – values that have defined our marketplace for decades,' said Leo Pareja, CEO of eXp Realty. 'eXp was built by agents, for agents, and we continue to raise the bar. Recently, we launched the industry's first open-sourced seller advisory form and were the first to partner with Zillow to support consumer transparency. With the rollout of our co-sponsor program, we've also unlocked new income pathways for agents. As we look forward, we're not just defending our industry – we're building the future of it, with our agents at the center.' 'We're entering 2025 from a position of strength. eXp has built one of the most comprehensive, tech-enabled agent value stack in the industry – one that's driving record International agent productivity and empowering entrepreneurs at scale,' said Glenn Sanford, Founder, Chairman and CEO of eXp World Holdings. 'This quarter alone, we more than doubled our international revenue year-over-year and expanded our footprint into Perú and Türkiye, further proving that our agent-first model transcends borders. Agent success has always been the foundation of eXp's strategy – and in 2025, we plan to double down with enhanced tech, smarter training, and even more pathways to help agents close more deals, build generational wealth, and create the freedom they deserve." BELLINGHAM, Wash., May 06, 2025 (GLOBE NEWSWIRE) -- eXp World Holdings, Inc. (Nasdaq: EXPI), 'eXp' or the 'Company', 'the most agent-centric™' real estate brokerage on the planet and the core subsidiary of eXp World Holdings, Inc., today announced financial results for the first quarter ended March 31, 2025. Story Continues First Quarter 2025 Operational Highlights as Compared to the Same Year-Ago Period: eXp ended the first quarter of 2025 with a global agent Net Promoter Score ('aNPS') of 78, up from 73 in the prior-year period. aNPS is a measure of agent satisfaction and an important key performance indicator given the Company's intense focus on improving the agent experience. Agents and brokers on the eXp Realty platform decreased 5% to 81,904 as of March 31, 2025. Real estate sales transactions decreased 2% to 89,643 in the first quarter of 2025. Real estate sales volume increased 4% to $38.6 billion in the first quarter of 2025. First Quarter 2025 Results – Virtual Fireside Chat The Company will hold a virtual fireside chat and investor Q&A with eXp World Holdings Founder and Chief Executive Officer Glenn Sanford, eXp Realty Chief Executive Officer Leo Pareja, eXp Realty Chief Marketing Officer Wendy Forsythe, Managing Director, eXp International Felix Bravo, and eXp World Holdings Interim Chief Financial Officer Jesse Hill on Tuesday, May 6, 2025 at 2 p.m. PT / 5 p.m. ET. __________________________ 1 A reconciliation of adjusted EBITDA, a non-GAAP measure, to net income and a discussion of why management believes adjusted EBITDA is useful is included below. 2 A reconciliation of adjusted operating cash flow, a non-GAAP measure, to operating cash flow and a discussion of why management believes adjusted operating cash flow is useful is included below. The investor Q&A is open to investors, current shareholders and anyone interested in learning more about eXp World Holdings and its companies. Submit questions in advance for inclusion to investors@ . Date: Tuesday, May 6, 2025 Time: 2 p.m. PT / 5 p.m. ET Location: Join at Livestream: About eXp World Holdings, Inc. eXp World Holdings, Inc. (Nasdaq: EXPI) (the 'Company') is the holding company for eXp Realty® and SUCCESS® Enterprises. eXp Realty is the largest independent real estate brokerage in the world, with over 81,000 agents across 26 countries. As a cloud-based, agent-centric brokerage, eXp Realty provides real estate agents industry-leading commission splits, revenue share, equity ownership opportunities, and a global network that empowers agents to build thriving businesses. For more information about eXp World Holdings, Inc., visit: SUCCESS® Enterprises, anchored by SUCCESS® magazine, has been a trusted name in personal and professional development since 1897. As part of the eXp ecosystem, it offers agents access to valuable resources to enhance their skills, grow their businesses, and achieve long-term success. For more information about SUCCESS, visit eXp World Holdings, Inc. intends to use its: eXp investors website ( eXp Realty LinkedIn page ( eXp Realty Facebook Page ( eXp Realty Instagram Page ( eXp International LinkedIn Page ( eXp International Facebook Page ( eXp International Instagram Page ( eXp World Holdings LinkedIn page ( eXp World Holdings Facebook Page ( and eXp World Holdings Instagram Page ( eXp Realty X Page ( eXp World Holdings X page ( as a means of disclosing material non-public information and to comply with its disclosure obligations under Regulation FD. Use of Non-GAAP Financial Measures To provide investors with additional information regarding our financial results, this press release includes references to adjusted EBITDA and adjusted operating cash flow which are non-U.S. GAAP financial measures that may be different from similarly titled measures used by other companies. These measures are presented to enhance investors' overall understanding of the Company's financial performance and should not be considered a substitute for, or superior to, the financial information prepared and presented in accordance with U.S. GAAP. The Company's non-U.S. GAAP financial measures provide useful information about financial performance, enhance the overall understanding of past performance and future prospects, and allow for greater transparency with respect to key metrics used by management for financial and operational decision-making. These measures may also provide additional tools for investors to use in comparing core financial performance over multiple periods with other companies in the industry. Adjusted EBITDA helps identify underlying trends in the business that could otherwise be masked by the effect of the expenses excluded in adjusted EBITDA. In particular, the Company believes the exclusion of stock-based compensation and stock option expenses provides a useful supplemental measure in evaluating the performance of operations and provides better transparency into results of operations. The Company defines adjusted EBITDA to mean net income (loss) from continuing operations, excluding other income (expense), income tax benefit (expense), depreciation, amortization, impairment charges, litigation contingency expenses, stock-based compensation expense, stock option expense and other items not core to the operating activities of the Company. Adjusted operating cash flow helps the reader understand the Company's cash flow. The Company defines the adjusted operating cash flow to mean net cash provided by operating activities, excluding the change in customer deposits. Adjusted EBITDA and adjusted operating cash flow should not be considered in isolation from, or as a substitute for, financial information prepared in accordance with U.S. GAAP. Safe Harbor Statement This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements reflect the Company's and its management's current expectations but involve known and unknown risks and uncertainties that could impact actual results materially. These statements include, but are not limited to, statements regarding international expansion, revenue growth; dividends; additions of teams and agents in the future; technology development; and financial performance. Important factors that may cause actual results to differ materially and adversely from those expressed in forward-looking statements include real estate market fluctuations, changes in agent retention or recruitment, the Company's ability to expand successfully in international markets, competitive pressures, regulatory changes, outcomes of ongoing litigation, and other risks detailed from time to time in the Company's Securities and Exchange Commission filings, including but not limited to the Company's most recently filed Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q. New risk factors and uncertainties may emerge from time to time, and it is not possible for management to predict all risk factors and uncertainties. We do not undertake any obligation to update these statements except as required by law. Media Relations Contact: eXp World Holdings, Inc. mediarelations@ Investor Relations Contact: Denise Garcia investors@ EXP WORLD HOLDINGS, INC. CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (In thousands, except share amounts and per share data) (UNAUDITED) Three Months Ended March 31, 2025 2024 Revenues $ 954,906 $ 943,054 Commissions and other agent-related costs 878,771 864,746 General and administrative expenses 66,871 62,582 Technology and development expenses 16,805 14,761 Sales and marketing expenses 2,835 3,139 Litigation contingency - 16,000 Total operating expenses 965,282 961,229 Operating (loss) income (10,376 ) (18,174 ) Other (income) expense Other (income) expense, net (943 ) (1,188 ) Equity in (income) losses of unconsolidated affiliates (80 ) 149 Total other (income) expense, net (1,023 ) (1,039 ) (Loss) income before income tax expense (9,353 ) (17,135 ) Income tax (benefit) expense 1,671 (3,305 ) Net (loss) income from continuing operations (11,024 ) (13,830 ) Net (loss) income from discontinued operations - (1,809 ) Net (loss) income $ (11,024 ) $ (15,639 ) Earnings (loss) per share Basic, net (loss) income from continuing operations $ (0.07 ) $ (0.09 ) Basic, net (loss) income from discontinued operations - (0.01 ) Basic, net (loss) income $ (0.07 ) $ (0.10 ) Diluted, net (loss) income from continuing operations $ (0.07 ) $ (0.09 ) Diluted, net (loss) income from discontinued operations - (0.01 ) Diluted, net (loss) income $ (0.07 ) $ (0.10 ) Weighted average shares outstanding Basic 154,738,167 154,740,334 Diluted 154,738,167 154,740,334 CONSOLIDATED US-GAAP NET (LOSS) INCOME TO ADJUSTED EBITDA RECONCILIATION (In thousands) (UNAUDITED) Three Months Ended March 31, 2025 2024 Net (loss) income from continuing operations $ (11,024 ) $ (13,830 ) Total other (income) expense, net (1,023 ) (1,039 ) Income tax (benefit) expense 1,671 (3,305 ) Depreciation and amortization 2,561 2,399 Litigation contingency — 16,000 Stock-based compensation expense (1) 8,119 8,827 Stock option expense 1,853 1,990 Adjusted EBITDA $ 2,157 $ 11,042 ADJUSTED OPERATING CASH FLOW (In thousands) (UNAUDITED) Three Months Ended March 31, 2025 2024 Net Cash Provided by Operating Activities $ 39,838 $ 60,654 Less: Customer Deposits 11,685 31,239 Adjusted Operating Cash Flow $ 28,153 $ 29,415 EXP WORLD HOLDINGS, INC. CONDENSED CONSOLIDATED BALANCE SHEETS (In thousands, except share amounts) (UNAUDITED) March 31, 2025 December 31, 2024 ASSETS CURRENT ASSETS Cash and cash equivalents $ 115,655 $ 113,607 Restricted cash 66,569 54,981 Accounts receivable, net of allowance for credit losses of $2,194 and $1,589, respectively 104,045 87,692 Prepaids and other assets 14,655 11,692 TOTAL CURRENT ASSETS 300,924 267,972 Property, plant, and equipment, net 12,209 11,615 Other noncurrent assets 21,853 11,679 Intangible assets, net 6,251 6,456 Deferred tax assets, net 77,283 75,774 Goodwill 17,263 17,226 TOTAL ASSETS $ 435,783 $ 390,722 LIABILITIES AND EQUITY CURRENT LIABILITIES Accounts payable $ 10,109 $ 10,478 Customer deposits 67,345 55,660 Accrued expenses 112,111 85,661 Litigation contingency 34,000 34,000 Other current liabilities 238 54 TOTAL CURRENT LIABILITIES 223,803 185,853 TOTAL LIABILITIES 223,803 185,853 EQUITY Common Stock, $0.00001 par value 900,000,000 shares authorized; 197,536,271 issued and 156,169,130 outstanding at March 31, 2025; 195,028,207 issued and 154,133,385 outstanding at December 31, 2024 2 2 Additional paid-in capital 993,164 962,758 Treasury stock, at cost: 41,367,141 and 40,894,822 shares held, respectively (691,662 ) (686,680 ) Accumulated deficit (86,761 ) (68,135 ) Accumulated other comprehensive (loss) (2,763 ) (3,076 ) TOTAL EQUITY 211,980 204,869 TOTAL LIABILITIES AND EQUITY $ 435,783 $ 390,722 EXP WORLD HOLDINGS, INC. CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (In thousands) (UNAUDITED) Three Months Ended March 31, 2025 2024 OPERATING ACTIVITIES Net (loss) income $ (11,024 ) $ (15,639 ) Reconciliation of net income (loss) to net cash provided by operating activities: Depreciation expense 1,945 2,059 Amortization expense - intangible assets 616 340 Allowance for credit losses on receivables/bad debt on receivables 605 159 Equity in (income) loss of unconsolidated affiliates (80 ) 149 Agent growth incentive stock-based compensation expense 8,119 8,827 Stock option compensation 1,853 1,990 Agent equity stock-based compensation expense 20,756 25,868 Deferred income taxes, net (1,509 ) (4,786 ) Changes in operating assets and liabilities: Accounts receivable (15,808 ) (20,141 ) Prepaids and other assets (2,963 ) (311 ) Customer deposits 11,685 31,239 Accounts payable (369 ) 197 Accrued expenses 25,828 14,703 Litigation contingency - 16,000 Other operating activities 184 - NET CASH PROVIDED BY OPERATING ACTIVITIES 39,838 60,654 INVESTING ACTIVITIES Purchases of property and equipment (2,553 ) (1,323 ) Investments in unconsolidated affiliates (11,244 ) (3,807 ) Capitalized software development costs in intangible assets (450 ) (115 ) NET CASH USED IN INVESTING ACTIVITIES (14,247 ) (5,245 ) FINANCING ACTIVITIES Repurchase of common stock (4,982 ) (33,032 ) Proceeds from exercise of options 300 977 Transactions with noncontrolling interests - (1,169 ) Dividends declared and paid (7,602 ) (7,585 ) NET CASH USED IN FINANCING ACTIVITIES (12,284 ) (40,809 ) Effect of changes in exchange rates on cash, cash equivalents and restricted cash 329 (589 ) Net change in cash, cash equivalents and restricted cash 13,636 14,011 Cash, cash equivalents and restricted cash, beginning balance 168,588 169,893 CASH, CASH EQUIVALENTS AND RESTRICTED CASH, ENDING BALANCE $ 182,224 $ 183,904 SUPPLEMENTAL DISCLOSURE OF CASH FLOWS INFORMATION: Cash paid for income taxes 1,480 1,109 SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES: Property and equipment purchases in accounts payable 214 30 A photo accompanying this announcement is available at
Bahrain News Gazette
17-04-2025
- Business
- Bahrain News Gazette
eXp Realty Enters Türkiye, Marking Second Global Expansion in Just Four Weeks
Türkiye becomes the 26th country to join eXp Realty's rapidly growing international network, offering agents more freedom, earning potential, and global reach eXp Realty Enters Türkiye, Marking Second Global Expansion in Just Four Weeks Türkiye becomes the 26th country to join eXp Realty's rapidly growing international network, offering agents more freedom, earning potential, and global reach BELLINGHAM, Wash., April 17, 2025 (GLOBE NEWSWIRE) — eXp Realty®, the largest independent real estate brokerage in the world and a core subsidiary of eXp World Holdings, Inc. (Nasdaq: EXPI), today announced its official launch in Türkiye, marking its 26th international market and the company's second global expansion in less than a month, following the successful launch of eXp Realty Peru in March. This rapid growth highlights eXp's commitment to redefining the real estate industry through a scalable, agent-first model that meets the evolving needs of professionals worldwide. 'With every new country we launch, we're proving that agents everywhere are ready for a better model — one that puts them first,' said Glenn Sanford, Founder, Chairman and CEO of eXp World Holdings. 'Our entry into Türkiye, just weeks after launching in Peru, reflects our momentum and our mission: to deliver the most agent-centric brokerage on the planet. We're expanding fast — not just for the sake of growth, but because agents around the world are demanding a better way to build their business.' Türkiye's strategic position between Europe and Asia, combined with its fast-growing real estate sector and entrepreneurial agent base, make it a strong match for eXp's cloud-based, borderless business model — one built to empower agents with more flexibility, financial opportunity, and global connection. At the forefront of eXp Türkiye is Yigit Portakal, a dynamic leader with deep market knowledge and one of the most influential voices in Türkiye's real estate space. Known for his passion, community engagement, and agent-first mindset, Yigit is bringing eXp's global platform to a nationwide audience that's ready for change. 'This is a proud moment — not just for me, but for every agent in Türkiye who's been waiting for a better way,' said Yigit Portakal, Country Leader of eXp Türkiye. 'eXp is built for agents who want more — more freedom, more support, more possibility. We're bringing a model that empowers agents to grow, earn, and lead in their own careers. Türkiye is ready, and so is eXp.' What Sets eXp Realty Apart for Turkish Agents eXp Realty gives agents in Türkiye access to a platform that removes traditional barriers and puts their business in their control. Benefits include: A cloud-based business model with no physical office requirements or franchise fees Attractive commission structure designed to maximize agent earnings in the local market Revenue share and equity opportunities (subject to local availability and compliance) that allow agents to build long-term wealth Global referral and collaboration network of nearly 83,000 agents in 26 countries Access to live training, mentorship, and community through eXp's virtual platforms and global leadership Agents in Türkiye ready to build their careers with a smarter, more scalable model can learn more by visiting . About eXp World Holdings, Inc. eXp World Holdings, Inc. (Nasdaq: EXPI) (the 'Company') is the holding company for eXp Realty® and SUCCESS® Enterprises. eXp Realty is the largest independent real estate brokerage in the world, with nearly 83,000 agents across 26 international locations. As a cloud-based, agent-centric brokerage, eXp Realty provides real estate agents industry-leading commission splits, revenue share, equity ownership opportunities, and a global network that empowers agents to build thriving businesses. For more information about eXp World Holdings, Inc., visit: . SUCCESS® Enterprises, anchored by SUCCESS® magazine, has been a trusted name in personal and professional development since 1897. As part of the eXp ecosystem, it offers agents access to valuable resources to enhance their skills, grow their businesses, and achieve long-term success. For more information about SUCCESS, visit . Safe Harbor and Forward-Looking Statements This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 . These statements reflect the Company's and its management's current expectations but involve known and unknown risks and uncertainties that could impact actual results materially. These statements include, but are not limited to, statements regarding international expansion, individual agent success, and the availability of equity ownership programs. Important factors that may cause actual results to differ materially and adversely from those expressed in forward-looking statements include real estate market fluctuations, changes in agent retention or recruitment, the Company's ability to expand successfully in international markets, competitive pressures, regulatory changes, and other risks detailed from time to time in the Company's Securities and Exchange Commission filings, including but not limited to the most recently filed Quarterly Reports on Form 10-Q and Annual Report on Form 10-K. We do not undertake any obligation to update these statements except as required by law. Media Relations Contact: eXp World Holdings, Inc. [email protected] Investor Relations Contact: Denise Garcia, Managing Partner Hayflower Partners [email protected] A photo accompanying this announcement is available at . GlobeNewswire Distribution ID 9424246
Associated Press
17-04-2025
- Business
- Associated Press
eXp Realty Enters Türkiye, Marking Second Global Expansion in Just Four Weeks
BELLINGHAM, Wash., April 17, 2025 (GLOBE NEWSWIRE) -- eXp Realty®, the largest independent real estate brokerage in the world and a core subsidiary of eXp World Holdings, Inc. (Nasdaq: EXPI), today announced its official launch in Türkiye, marking its 26th international market and the company's second global expansion in less than a month, following the successful launch of eXp Realty Peru in March. This rapid growth highlights eXp's commitment to redefining the real estate industry through a scalable, agent-first model that meets the evolving needs of professionals worldwide. 'With every new country we launch, we're proving that agents everywhere are ready for a better model — one that puts them first,' said Glenn Sanford, Founder, Chairman and CEO of eXp World Holdings. 'Our entry into Türkiye, just weeks after launching in Peru, reflects our momentum and our mission: to deliver the most agent-centric brokerage on the planet. We're expanding fast — not just for the sake of growth, but because agents around the world are demanding a better way to build their business.' Türkiye's strategic position between Europe and Asia, combined with its fast-growing real estate sector and entrepreneurial agent base, make it a strong match for eXp's cloud-based, borderless business model — one built to empower agents with more flexibility, financial opportunity, and global connection. At the forefront of eXp Türkiye is Yigit Portakal, a dynamic leader with deep market knowledge and one of the most influential voices in Türkiye's real estate space. Known for his passion, community engagement, and agent-first mindset, Yigit is bringing eXp's global platform to a nationwide audience that's ready for change. 'This is a proud moment — not just for me, but for every agent in Türkiye who's been waiting for a better way,' said Yigit Portakal, Country Leader of eXp Türkiye. 'eXp is built for agents who want more — more freedom, more support, more possibility. We're bringing a model that empowers agents to grow, earn, and lead in their own careers. Türkiye is ready, and so is eXp.' What Sets eXp Realty Apart for Turkish Agents eXp Realty gives agents in Türkiye access to a platform that removes traditional barriers and puts their business in their control. Benefits include: Agents in Türkiye ready to build their careers with a smarter, more scalable model can learn more by visiting About eXp World Holdings, Inc. eXp World Holdings, Inc. (Nasdaq: EXPI) (the 'Company') is the holding company for eXp Realty® and SUCCESS® Enterprises. eXp Realty is the largest independent real estate brokerage in the world, with nearly 83,000 agents across 26 international locations. As a cloud-based, agent-centric brokerage, eXp Realty provides real estate agents industry-leading commission splits, revenue share, equity ownership opportunities, and a global network that empowers agents to build thriving businesses. For more information about eXp World Holdings, Inc., visit: SUCCESS® Enterprises, anchored by SUCCESS® magazine, has been a trusted name in personal and professional development since 1897. As part of the eXp ecosystem, it offers agents access to valuable resources to enhance their skills, grow their businesses, and achieve long-term success. For more information about SUCCESS, visit Safe Harbor and Forward-Looking Statements This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements reflect the Company's and its management's current expectations but involve known and unknown risks and uncertainties that could impact actual results materially. These statements include, but are not limited to, statements regarding international expansion, individual agent success, and the availability of equity ownership programs. Important factors that may cause actual results to differ materially and adversely from those expressed in forward-looking statements include real estate market fluctuations, changes in agent retention or recruitment, the Company's ability to expand successfully in international markets, competitive pressures, regulatory changes, and other risks detailed from time to time in the Company's Securities and Exchange Commission filings, including but not limited to the most recently filed Quarterly Reports on Form 10-Q and Annual Report on Form 10-K. We do not undertake any obligation to update these statements except as required by law. Media Relations Contact: eXp World Holdings, Inc. [email protected] Investor Relations Contact: Denise Garcia, Managing Partner Hayflower Partners [email protected] A photo accompanying this announcement is available at
Yahoo
10-04-2025
- Business
- Yahoo
Real Estate Services Stocks Q4 Highlights: eXp World (NASDAQ:EXPI)
As the Q4 earnings season wraps, let's dig into this quarter's best and worst performers in the real estate services industry, including eXp World (NASDAQ:EXPI) and its peers. Technology has been a double-edged sword in real estate services. On the one hand, internet listings are effective at disseminating information far and wide, casting a wide net for buyers and sellers to increase the chances of transactions. On the other hand, digitization in the real estate market could potentially disintermediate key players like agents who use information asymmetries to their advantage. The 13 real estate services stocks we track reported a satisfactory Q4. As a group, revenues beat analysts' consensus estimates by 5.5% while next quarter's revenue guidance was 1.2% below. Amidst this news, share prices of the companies have had a rough stretch. On average, they are down 17.9% since the latest earnings results. Founded in 2009, eXp World (NASDAQ:EXPI) is a real estate company known for its virtual, cloud-based approach to real estate brokerage. eXp World reported revenues of $1.10 billion, up 11.9% year on year. This print exceeded analysts' expectations by 6.5%. Overall, it was a strong quarter for the company with an impressive beat of analysts' EBITDA estimates. 'At eXp, we redefine what's possible in real estate, with our agent-centric platform offering unlimited growth opportunities for agents,' said Glenn Sanford, eXp World Holdings Founder, Chairman and CEO. The stock is down 18% since reporting and currently trades at $9.32. Is now the time to buy eXp World? Access our full analysis of the earnings results here, it's free. Founded in Toronto, Canada in 2014, The Real Brokerage (NASDAQ:REAX) is a technology-driven real estate brokerage firm combining a tech-centric model with an agent-centric philosophy. The Real Brokerage reported revenues of $350.6 million, up 93.4% year on year, outperforming analysts' expectations by 16.8%. The business had an incredible quarter with an impressive beat of analysts' EPS estimates and a solid beat of analysts' EBITDA estimates. The Real Brokerage delivered the fastest revenue growth among its peers. The stock is down 11.6% since reporting. It currently trades at $4.38. Is now the time to buy The Real Brokerage? Access our full analysis of the earnings results here, it's free. Known for giving homeowners cash offers within 24 hours, Offerpad (NYSE:OPAD) operates a tech-enabled platform specializing in direct home buying and selling solutions. Offerpad reported revenues of $174.3 million, down 27.5% year on year, in line with analysts' expectations. It was a softer quarter as it posted a significant miss of analysts' adjusted operating income estimates. Offerpad delivered the slowest revenue growth in the group. As expected, the stock is down 28.1% since the results and currently trades at $1.56. Read our full analysis of Offerpad's results here. Founded by Expedia co-founders Lloyd Frink and Rich Barton, Zillow (NASDAQ:ZG) is the leading U.S. online real estate marketplace. Zillow reported revenues of $554 million, up 16.9% year on year. This number topped analysts' expectations by 1.1%. More broadly, it was a mixed quarter as it also produced an impressive beat of analysts' adjusted operating income estimates. The stock is down 24.7% since reporting and currently trades at $63.10. Read our full, actionable report on Zillow here, it's free. Established in 1906, CBRE (NYSE:CBRE) is one of the largest commercial real estate services firms in the world. CBRE reported revenues of $10.4 billion, up 16.2% year on year. This result surpassed analysts' expectations by 1.2%. Taking a step back, it was a satisfactory quarter as it also recorded an impressive beat of analysts' adjusted operating income estimates but a miss of analysts' Advisory Services revenue estimates. The stock is down 15.8% since reporting and currently trades at $118.50. Read our full, actionable report on CBRE here, it's free. As a result of the Fed's rate hikes in 2022 and 2023, inflation has come down from frothy levels post-pandemic. The general rise in the price of goods and services is trending towards the Fed's 2% goal as of late, which is good news. The higher rates that fought inflation also didn't slow economic activity enough to catalyze a recession. So far, soft landing. This, combined with recent rate cuts (half a percent in September 2024 and a quarter percent in November 2024) have led to strong stock market performance in 2024. The icing on the cake for 2024 returns was Donald Trump's victory in the U.S. Presidential Election in early November, sending major indices to all-time highs in the week following the election. Still, debates around the health of the economy and the impact of potential tariffs and corporate tax cuts remain, leaving much uncertainty around 2025. Want to invest in winners with rock-solid fundamentals? Check out our Top 5 Growth Stocks and add them to your watchlist. These companies are poised for growth regardless of the political or macroeconomic climate. Join Paid Stock Investor Research Help us make StockStory more helpful to investors like yourself. Join our paid user research session and receive a $50 Amazon gift card for your opinions. Sign up here.
