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Dec 31, 2020
eXp World Q4 2020 Earnings Report
Reported record fourth quarter and full-year financial results, with revenue increasing significantly and driving the most profitable year in company history.
Key Takeaways
eXp World Holdings reported a strong Q4 2020, marked by substantial revenue growth and increased profitability. The company's cloud-based brokerage model and agent-centric strategy drove significant agent growth and transaction volume.
Revenue increased by 122% to $609.3 million compared to Q4 2019.
Net income increased significantly to $7.7 million, up from $0.8 million in Q4 2019.
Agents and brokers on the eXp Realty platform increased 63% in 2020.
Residential transaction volume closed increased 123% to $24.6 billion.
Forward Guidance
eXp World Holdings anticipates continued expansion of its core residential brokerage in the U.S. and key international markets throughout 2021. The company also expects increasing adoption of affiliated services businesses and leveraging of value-add and revenue-generating technologies to accelerate growth and increase market share.
Positive Outlook
- Continued expansion of core residential brokerage in the U.S.
- Launch of operations in key international markets
- Increasing adoption of affiliated services businesses
- Leveraging value-add and revenue-generating technologies
- Catalysts in place to accelerate growth and increase market share
Historical Earnings Impact
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Avg. Return Before/After Earnings
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