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Sep 30, 2024
eXp World Q3 2024 Earnings Report
eXp World reported a mixed Q3 2024 with revenue increase and a net loss due to litigation contingency provision, but adjusted net income and EBITDA improved.
Key Takeaways
eXp World Holdings reported a 2% increase in revenue to $1.2 billion for Q3 2024. However, the company experienced a net loss of $6.5 million, impacted by an $18.0 million litigation contingency provision. Despite the net loss, adjusted net income and adjusted EBITDA showed improvements compared to the same period last year.
Revenue increased by 2% to $1.2 billion, driven by higher home sales prices and agent productivity.
Net loss from continuing operations was ($6.5 million), influenced by an $18.0 million litigation contingency provision.
Adjusted net income excluding the antitrust litigation contingency provision was $7.8 million.
Global agent Net Promoter Score (aNPS) increased to 76 from 74 year-over-year.
Forward Guidance
eXp World Holdings did not provide specific financial forward guidance in the Q3 2024 earnings report.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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