The fast-growing brokerage also suffered a net loss of $83.7M in the quarter, which was an improvement compared to the loss 1 year earlier
The portal and online brokerage saw revenue fall 25% year over year during the fourth quarter of 2022, and lost a total of $61.9M, according to an earnings call Thursday afternoon
The portal giant brought in $435M in revenue during the fourth quarter of last year and lost $72M, according to 4Q22 earnings released Wednesday afternoon
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
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
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
The fast-growing brokerage earned $2B in revenue during the second quarter of the year, but also saw losses rise to $101M, according to an earnings report issued Monday
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
In a heartfelt letter posted on LinkedIn, Compass founder and CEO Robert Reffkin addressed stock market troubles and cast his vision for the future on the 1-year anniversary of going public
Fifth Wall had planned to raise up to $150M to create a SPAC focused on investing in the real estate industry. The company would have traded on the Nasdaq under the ticker FWAB
The iBuyer earned a profit of nearly $13M during the final 3 months of 2021 while also beating revenue forecasts, according to a Q4 earnings report issued Wednesday
The commercial real estate giant earned $75 million from its residential ventures, according to a fourth-quarter earnings call, suggesting its rivalry with established players will continue
Smaller real estate investors are also feeling the impact of a new wave of institutional investors into markets across the country, economists and investors told Inman in the wake of new data
Compass' revenue jumped 31% in the fourth quarter of 2021 and 73% for the entire year, though expenses related to the company's public debut pushed up losses
Opinion
Stock prices for a new wave of publicly traded real estate companies have declined dramatically, starting with Zillow's stumble. What went wrong and what does it mean for innovation?