Redfin beats expectations with over $124M in revenue for Q4 2018

The online brokerage's stock price surged in after-hours trading Thursday. The earnings beat comes as Redfin works to expand multiple parts of its business

Those earnings represent an increase of 30 percent compared to the fourth quarter of 2017, the company revealed. Redfin also saw a net loss in the final three months of 2018 of $12.2 million, compared $1.8 million during the same period in 2017.