Amidst challenging market conditions, the real estate franchisor’s total revenue was down 8.7 percent year over year to $81.2 million, coming just shy of analysts’ expectations. The company also suffered a net loss of $59.5 million. Continue reading
The iBuyer saw revenue fall 71 percent year over year in the third quarter of 2023. The company also lost $106 million — a reversal from Q2’s net profit. Continue reading
The company lost $38 million between April and June, though it did see revenue tick up slightly. Zillow also described 2023 as “crucial,” in a newly published earnings report. Continue reading
The commercial and would-be residential giant saw revenue jump 13 percent year over year in the second quarter while profit climbed 20 percent, according to a 2Q earnings call Tuesday afternoon. Continue reading
Between January and March, Realtor.com had an average of 72 million unique monthly users — down 24 percent compared to one year earlier, according to the company’s first-quarter earnings report. Continue reading
The chief executive of the largest iBuyer spoke to Inman about Opendoor’s first-quarter earnings on Thursday — and expectations that the company is turning a corner after a rough 2022. Continue reading
The iBuying giant saw revenue dip 39 percent year over year at the beginning of 2023, according to a Q1 earnings call Thursday. It also sold and bought fewer homes compared to the beginning of 2022. Continue reading
The company, which in recent years has been making inroads into the residential space, reported that both Homes.com and Apartments.com saw significant growth in the first quarter of 2023. Continue reading
Transaction sides fell 18.2 percent year over year for a total of $472.9 billion in sales in 2022, a 12.5 percent decline, according to a full-year earnings report released Monday afternoon by the Texas-based brokerage. Continue reading
CEO Robert Reffkin floated the idea of a franchise brand during an earnings call Tuesday, describing it as a “more profitable” method of growing the business. Continue reading