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Mar 31, 2022
eXp World Q1 2022 Earnings Report
Reported record revenue driven by agent growth and expansion.
Key Takeaways
eXp World Holdings reported a record first quarter with revenue increasing by 73% year-over-year to $1.0 billion, driven by a 55% increase in agent growth. Net income also increased by 83% to $8.9 million. The company increased its stock repurchase program and declared a cash dividend for Q2 2022.
Revenue increased 73% year-over-year to $1.0 billion.
Gross profit increased 56% to $83.5 million.
Net income increased 83% to $8.9 million.
Agents and brokers on the eXp Realty platform increased 55% to 78,196.
Forward Guidance
eXp is aiming to reach over 100,000 agents and brokers worldwide by the end of the year through continued iteration on the agent value proposition.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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