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Sep 30, 2023
Douglas Elliman Q3 2023 Earnings Report
Reported financial results for Q3 2023, showing a decrease in revenue and operating loss compared to the prior year quarter.
Key Takeaways
Douglas Elliman reported a decrease in revenue to $251.5 million compared to $272.6 million in the prior year quarter. The company experienced an operating loss of $8.8 million, and a net loss of $4.9 million, or $0.06 per diluted common share.
Consolidated revenues were $251.5 million, down from $272.6 million in the prior year quarter.
Real estate brokerage segment's gross transaction value was approximately $9.3 billion, compared to $10.2 billion in the prior year quarter.
The company reported a consolidated operating loss of $8.8 million, compared to an operating loss of $5.2 million in the prior year quarter.
Net loss attributed to Douglas Elliman was $4.9 million, or $0.06 per diluted common share, compared to a net loss of $4.0 million, or $0.05 per diluted common share, in the prior year quarter.
Revenue by Segment
Revenue & Expenses
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Historical Earnings Impact
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Avg. Return Before/After Earnings
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