Seasonality is back, iBuying is alive, and other big earnings takeaways
This week saw a flood of real estate company earnings reports. Overall, they indicate the market is well-positioned and maybe returning to some semblance of normalcy
by Jim Dalrymple II Nov 11
Compass sees both revenue and losses rise in 3rd quarter
The brokerage brought in $1.74B between July and September, but also lost $100M — and sees seasonality returning to the business
by Jim Dalrymple II Nov 10
Keller Williams sees transactions dip, volume rise in Q3 — but no word on IPO
The company's latest earnings report reveals that the coronavirus pandemic is still impacting the housing market
by Jim Dalrymple II Nov 10
Zillow sees revenue tick up as tension mounts over iBuyer fallout
The popular portal raked in $1.7B during the third quarter of 2021, though it also lost $328M — much of it from iBuying
by Jim Dalrymple II Nov 2
Realogy's Q3 earnings defy expectations with $2.2B in revenue
Realogy reported a revenue increase of 15 percent year over year while recording a net income of $114 million, it was announced Thursday during an earnings call
by Lillian Dickerson Oct 28
CoStar revenue rises to new heights in latest earnings report
The company pulled in $499M in revenue during the third quarter of this year. That's a 17% jump compared to last year at the same time
by Jim Dalrymple II Oct 26
Why fewer Home Depot shoppers isn't a bad sign for housing
Opinion
As the home improvement retailer's earnings report revealed, there are fewer Home Depot shoppers now than when the pandemic first began. However, that shouldn't necessarily spark concern about the housing market
by Bret Weinstein Aug 27
Airbnb slashes losses, sees 299% rise in revenue in Q2
The short-term rental giant lost $68M between April and June — a vastly smaller sum than the $1B it lost a quarter earlier, according to earnings figures released Thursday
by Jim Dalrymple II Aug 12
Fathom sees $2.1M net loss in Q2, but more than doubles revenue
The company pulled in $84.2 million between April and June, nearly all of it from its real estate brokerage services
by Andrea V. Brambila Aug 11
Opendoor reports $1.2B in revenue, beats expectations in Q2
The iBuyer also experienced a loss of $144M between April and June and sold a total of 3,481 homes
by Jim Dalrymple II Aug 11
Virtual brokerage Real sees significant revenue growth in Q2
The company also saw its agent count grow to 2,451, up 126% year over year, according to earnings figures released Tuesday
by Jim Dalrymple II Aug 11
Compass dramatically trims losses, sees rocketing revenue in Q2
The brokerage lost $7M last quarter, a vast improvement over both the previous quarter and last year. The results earned plaudits from investors
by Jim Dalrymple II Aug 9
Zillow rakes in $1.3B revenue in second quarter, but sees profits slip
The company's net income between April and June clocked in at $10 million — better than one year ago but short of the heights of the past two quarters
by Jim Dalrymple II Aug 5
RE/MAX sees revenue and agent count inching upward in Q2
New earnings report reveals RE/MAX revenue grew 48 percent year over year by the end of June, while its total number of agents hit 140,201
by Jim Dalrymple II Aug 4
EXp rakes in $1B in revenue, sees soaring agent count
The virtual brokerage now boasts 58,263 agents and brokers, a jump of 87% year over year, according to a Q2 earnings report released Wednesday
by Jim Dalrymple II Aug 4