Tag Archives: wall street

Compass lifts agent count in Q4 but falls short of positive cash flow

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The fast-growing brokerage also suffered a net loss of $83.7 million in the quarter, which was an improvement compared to the loss one year earlier. Continue reading →

Redfin sees revenue fall, losses mount amid tough market in Q4

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The portal and online brokerage saw revenue fall 25 percent year over year during the fourth quarter of 2022, and lost a total of $61.9 million, according to an earnings call Thursday afternoon. Continue reading →

Zillow sees revenue dip in Q4, but manages to trim losses

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The portal giant brought in $435 million in revenue during the fourth quarter of last year and lost $72 million, according to 4Q22 earnings released Wednesday afternoon. Continue reading →

Cost cutting and existentialism: What to expect from earnings

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Large publicly traded real estate companies are about to share their numbers from the most brutal quarter in years. Analysts are bracing for the worst — and watching to see who can thrive. Continue reading →

Compass went public 2 years ago. Can it recover from its stock slump?

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Compass went public in April 2021, and ever since then the New York-based brokerage has weathered a market downturn and seen investors’ appetite for shares fall significantly. Continue reading →

Real estate companies are about to tell us just how bad the downturn is

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Many of the industry’s big companies are about to report their third-quarter earnings. The reports will offer the first in-depth look at how firms coped with a rapidly cooling market. Continue reading →

Compass revenue ticks up slightly as losses mount in Q2

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The fast-growing brokerage earned $2 billion in revenue during the second quarter of the year, but also saw losses rise to $101 million, according to an earnings report issued Monday. Continue reading →

Surplus of Hamptons summer rentals is leading to price cuts

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Americans heading abroad for the summer, former Hamptons renters becoming homeowners and a surplus of inventory have all led to the market’s landlords slashing their rental prices this summer. Continue reading →

‘Stock is not the company:’ Robert Reffkin on Compass 1 year after IPO

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In a heartfelt letter posted on LinkedIn, Compass founder and CEO Robert Reffkin addressed his company’s stock market troubles and cast his vision for the future. Continue reading →

Zillow sees revenue tick up as tension mounts over iBuyer fallout

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The popular portal raked in $1.7 billion during the third quarter of 2021, though it also lost $328 million — much of it from iBuying. Continue reading →