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Jun 30, 2024
Douglas Elliman Q2 2024 Earnings Report
Douglas Elliman reported an increase in quarterly revenues and gross transaction value, reflecting strength in luxury markets and a gradual stabilization of home purchasing activity.
Key Takeaways
Douglas Elliman Inc. reported consolidated revenues of $285.8 million for Q2 2024, compared to $275.9 million in the prior year quarter. The company's operating loss was $3.7 million, an improvement from the $8.3 million loss in the same quarter last year. Net loss attributed to Douglas Elliman was $1.7 million, or $0.02 per diluted common share, compared to $5.2 million, or $0.06 per diluted common share, in the prior year quarter.
Consolidated revenues increased to $285.8 million from $275.9 million year-over-year.
Real estate brokerage segment's gross transaction value rose to approximately $10.6 billion from $9.9 billion year-over-year.
The real estate brokerage segment reported an average price per transaction of $1.81 million.
Net loss attributed to Douglas Elliman improved to $1.7 million, or $0.02 per diluted common share, from $5.2 million, or $0.06 per diluted common share, year-over-year.
Revenue by Segment
Forward Guidance
No specific forward guidance was provided in the press release.
Revenue & Expenses
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