CEO Robert Reffkin floated the idea of a franchise brand during an earnings call Tuesday, describing it as a 'more profitable' method of growing the business
In a Q4 earnings report Tuesday, Compass announced that between October and December of last year, it brought in $1.11B in revenue, down from $1.6B during the same period in 2021
The dominant iBuyer lost nearly $400M in the fourth quarter, according to an earnings call Thursday. That's better than the previous quarter, but a big jump from the same period in 2021
The company reported earnings Thursday for the first time since announcing the end of cash and stock-based recruiting incentives. Despite the move, the company added 335 agents
Steep declines in core revenue streams like broker fees were offset partly by the acquisition of independent franchise network RE/MAX Integra, according to earnings data on Thursday
Despite a quickly slowing market in the second quarter, many of the dozen or more real estate companies that posted earnings last week managed to turn a profit and stave off ruin
Major companies share how much money they made as the real estate market veered south earlier this year and as Inman Connect unfolds, bringing these leaders together in Las Vegas
As real estate enters what one observer called a 'Wile E. Coyote' moment, real estate companies’ share prices continue to struggle amid market uncertainty
Compass agents did 47,367 deals between January and March of 2022, which represents a new high for the brokerage, according to a Q1 earnings call on Thursday
The company reported soaring revenues in the first quarter of 2022 but also continued its Zillow Offers wind-down, which the company said has entered its final days
The iBuyer earned about $41M in profit during the first 3 months of 2022, beating the results of its also-profitable run at the end of 2021, according to an Q1 earnings call on Wednesday
The operator of Berkshire Hathaway HomeServices saw net income from real estate fall 75% year over year, according to earnings released at so-called 'Woodstock of Capitalism' this weekend
The company turned a profit during the first quarter of the year, though its agent count only ticked upward modestly, according to earnings released Thursday
The earnings report is its first as a stand-alone publicly traded company. Douglas Elliman's spinoff from its parent company was seen as a strategic boon to woo investors
The company also finished out the year with 188,121 agents across the world — though it didn't mention if or when it might go public