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eXp World Holdings reported a record second quarter with revenue of $1.4 billion, a 42% increase year-over-year, and agent growth of 42%. The company declared a cash dividend for Q3 2022 of $0.045 per share and repurchased $50 million of common stock during the quarter.
Revenue increased 42% to $1.4 billion.
Gross profit increased 34% to $107.3 million.
Net income was $9.4 million, compared to $37.0 million in the year-ago quarter.
Agents and brokers on the eXp Realty platform increased 42% to 82,856.
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