Tag Archives: Earnings

Compass must cut faster and deeper to break even in 2023: DelPrete

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Compass continued to burn cash in the latest quarter but also demonstrated a reduction in operating expenses as the company aims to break even in 2023, Mike DelPrete writes. With a historically high cash burn, Compass needs to cut faster and deeper tha… Continue reading →

Compass adds agents as revenue falls, losses rise in Q3

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The company reported earnings Thursday for the first time since announcing the end of cash and stock-based recruiting incentives. Despite the move, the company added 335 agents. Continue reading →

Redfin sees losses soar in Q3 as it winds down iBuying program

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The company earned $600.5 million in revenue during the third quarter, but also lost $90.2 million — up from a loss of just $18.9 million in the third quarter of 2021 — amid a worsening housing market. Continue reading →

Plunging prices, net losses, Q3 earnings: Inman’s Top 5 stories of the week, Oct. 28 – Nov. 3, 2022

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Catch up on the most-read stories of the week, as determined by Inman readers. Here’s Inman Top 5 for Oct. 28 – Nov. 3, 2022. Continue reading →

Douglas Elliman’s revenue declines as luxury inventory shortage lingers

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The New York-based luxury real estate brokerage reported consolidated revenues of $272.6 million in third-quarter earnings Thursday, compared to $354.2 million over the same period in 2021. Continue reading →

RE/MAX hangs onto slim profit in Q3 amid housing downturn

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Steep declines in core revenue streams like broker fees were offset partly by the acquisition of independent franchise network RE/MAX Integra, according to earnings data on Thursday. Continue reading →

Opendoor lost nearly $1B in Q3 in ‘once-in-40-years market transition’

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In total, Opendoor suffered a net loss of $928 million between July and September, according to an earnings report Thursday. That’s up from a loss of just $57 million during the third quarter of 2021. Continue reading →

Zillow sees Q3 revenue dip, but manages to significantly trim losses

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The company brought in $483 million in revenue and suffered a loss of $53 million — an improvement over the Q3 2021 losses of $329 million, according to quarterly earnings results Wednesday. Continue reading →