eXp World Holdings reported a 77% increase in revenue to $1.1 billion and a 101% increase in net income to $15.5 million for the fourth quarter of 2021. The company's agent base grew significantly, and real estate transaction volume also saw a substantial increase.
Revenue increased by 77% to $1.1 billion.
Gross profit increased by 65% to $83.1 million.
Net income increased by 101% to $15.5 million, including an income tax provision benefit of $14.2 million.
Earnings per diluted share increased by 100% to $0.10.
The company anticipates continued growth by focusing on innovation, technology-based solutions, and expanding its global community of real estate agents.
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