Tag Archives: Earnings

Gains and losses amid market shifts: Q2 2024 earnings

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The Q2 earnings are in: From Zillow’s revenue boost to RE/MAX’s struggles, Jessi Healey breaks down who’s up and who’s down. Continue reading →

Redfin sees Q2 revenue rise, while losses remain nearly flat

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The company saw revenue climb 7 percent to $295.2 million between April and June, but it also lost $27.9 million — just a hair above its Q2 2023 loss. Continue reading →

Compass CEO: Clear cooperation is ‘anti-homeowner’

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Robert Reffkin on Wednesday said clear cooperation attaches “negative insights” to listings, and predicted the polarizing anti-pocket listing rule is ultimately doomed. Continue reading →

Compass posts gains in revenue and agent count in Q2 earnings

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Compass brought in $1.7 billion in revenue between April and June, and managed to add thousands of real estate agents to its ranks, according to Q2 earnings released Wednesday. Continue reading →

Back in growth mode, Better is hiring again but still in the red in Q1

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The lender boosted mortgage volume 25 percent from Q4 but suffered a $51 million loss, according to Q1 earnings data on Tuesday. CEO Vishal Garg said Better’s future “lies in Uberizing the loan officer.” Continue reading →

Fathom Realty has more agents, fewer Q1 sales than a year ago

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CEO Marco Fregenal says the flat-fee brokerage is making progress toward achieving 2024 goals despite seasonality and broader industry challenges driving a $5.9 million Q1 net loss. Continue reading →

UWM hiring ‘hundreds’ as mortgage originations surge 24%

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Q1 net earnings of $180.5 million were boosted by the sale of $70 billion in mortgage servicing rights (MSRs) and a $141 million markup in the value of the $230 billion in MSRs UWM retained. Continue reading →

Here’s who sank and who soared in Q1 2024 earnings

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Q1 2024’s real estate earnings are in. CoStar and Rocket Mortgage excelled, while RE/MAX and Opendoor face challenges. We’ve compiled the key highlights in one place. Here’s what you might have missed. Continue reading →

Compass posts revenue spike and increases agent count in strong Q1

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The real estate brokerage also managed to trim losses and achieved positive free cash flow for the first time ever in a first quarter, according to an earnings call Wednesday. Continue reading →

January cyberattack a $37M weight on loanDepot Q1 2024 results

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In addition to $15 million in direct costs, loanDepot says it lost an additional $22 million in revenue while systems were down, contributing to $72 million net loss. Continue reading →