Tag Archives: Industry News

Vrbo traveler deposits fuel strong returns for Expedia in Q2 earnings

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Despite new COVID variants posing an ever-present threat and an uncertain global economy, traveler deposits for Vrbo bookings hit $2.8 billion as of June 30, up from $1.7 billion at the end of 2021. Continue reading →

Rocket stays profitable by a hair in Q2 after cutting $300M in expenses

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In addition to shedding workers, the parent company of the nation’s biggest lender trimmed marketing, production and other vendor-related costs to beat cost-cutting goal, according to an earnings report Thursday. Continue reading →

RE/MAX grows in Q2 despite downgrading 2022 housing outlook

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The real estate franchise giant posted higher revenues and expanded profits even as the company downgraded expectations amid a slowing market, according to an earnings report Thursday. Continue reading →

Premier Agent dips as Zillow hangs on to modest Q2 profit

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Market headwinds pushed Zillow Q2 revenues down 23 percent to $1 billion. Despite the declines, Zillow is pushing forward with major initiatives including a new partnership with former rival Opendoor. Continue reading →

Fathom Holdings doubles revenue in Q2 as mortgage business struggles

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The brokerage’s revenue grew 52 percent annually during the second quarter, reaching $128.2 million, up from $84.2 million, according to an earnings report released Thursday. Continue reading →

Redfin’s profits decline in Q2 despite uptick in revenue

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Redfin reported $606.9 million in second-quarter revenue, a 29 percent increase compared to the second quarter of 2021, in an earnings report released Thursday afternoon following the close of markets. Continue reading →

Offerpad hangs on to profitability for 3rd-straight quarter amid shift

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Offerpad recorded a gross profit of $93 million, an 83 percent annual increase and its third straight profitable quarter, according to a Q2 earnings report released Wednesday afternoon. Continue reading →

EXp World Holdings tallies double-digit growth in profit, revenue in Q2

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The real estate company’s revenue increased 42 percent annually to $1.4 billion, and its gross profits increase 34 percent compared to the second quarter of 2021, according to a Q2 earnings report Wednesday. Continue reading →