Tag Archives: Earnings

Ryan Schneider: Cost cutting now sets Anywhere up for success later

By Ben Verde | July 25, 2023 - 10:19 pm |July 25, 2023 Uncategorized

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The company is halfway to its goal of delivering $200 million in savings by the end of the year, according to its July 25 earnings report. Continue reading →

CoStar posts profitable Q2 as real estate portals tally record traffic

By Jim Dalrymple II | July 25, 2023 - 8:41 pm |July 25, 2023 Uncategorized

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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 →

Q1 2023 earnings roundup: Has real estate adjusted to the new normal?

By Christy Murdock | May 18, 2023 - 3:51 pm |May 18, 2023 Uncategorized

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Check out the earnings-related news to see how your brokerage or favorite real estate-related investment fared in the first three months of 2023. Continue reading →

5 key charts that illuminate real estate’s Q1 earnings season

By Daniel Houston | May 17, 2023 - 4:00 pm |May 17, 2023 Uncategorized

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Most publicly traded real estate companies continued to bleed money in the first chunk of 2023. These metrics help explain why investors aren’t panicking. Continue reading →

Realtor.com chief brushes off major Q1 drop in traffic

By Jim Dalrymple II | May 15, 2023 - 6:14 pm |May 15, 2023 Uncategorized

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David Doctorow attributed Realtor.com’s reduced traffic to a slower market and argued that his company’s sites have superior engagement than competitors. Continue reading →

Realtor.com parent Move saw traffic and revenue fall in Q1

By Jim Dalrymple II | May 11, 2023 - 9:58 pm |May 11, 2023 Uncategorized

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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 →

Real estate stocks are suddenly and finally on fire

By Jim Dalrymple II | May 11, 2023 - 7:47 pm |May 11, 2023 Uncategorized

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Redfin, Opendoor and Compass have all seen their share prices rally in recent days — suggesting that after years of the cold shoulder investors are warming to the sector. Continue reading →

Fathom Realty narrows losses but agent growth slows in Q1

By Matt Carter | May 11, 2023 - 1:26 pm |May 11, 2023 Uncategorized

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With 10,628 agents on board as of March 31, Fathom grew by 258 agents in the first three months of the year but posted a $5.7 million Q1 net loss, according to an earnings call Wednesday. Continue reading →

United Wholesale Mortgage shares tumble as originations fade

By Matt Carter | May 10, 2023 - 8:03 pm |May 10, 2023 Uncategorized

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UWM CEO Mat Ishbia highlights “operational profitability” as a $337 million write-down in fair value of mortgage servicing rights drives a $138.6 million first-quarter loss. Continue reading →

Compass revenue drops in Q1, but losses continue improvement

By Jim Dalrymple II | May 9, 2023 - 8:36 pm |May 9, 2023 Uncategorized

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The brokerage brought in a total of $957 million in revenue and lost $150 million. The results are something of a repeat from the fourth quarter of 2022. Continue reading →