Douglas Elliman Q3 2024 Earnings Report
Key Takeaways
Douglas Elliman Inc. reported a revenue increase for Q3 2024, with revenues reaching $266.3 million compared to $251.5 million in Q3 2023. The company experienced an operating loss of $7.4 million, an improvement over the $8.8 million loss in the same quarter of the previous year. However, the net loss attributed to Douglas Elliman was $27.2 million, or $0.33 per diluted common share, which includes a $20.2 million charge for changes in the fair value of derivatives embedded within convertible debt.
Revenues increased to $266.3 million in Q3 2024 from $251.5 million in Q3 2023.
Operating loss improved to $7.4 million in Q3 2024 from $8.8 million in Q3 2023.
Net loss attributed to Douglas Elliman was $27.2 million, or $0.33 per diluted common share, including a $20.2 million charge.
Gross transaction value for Douglas Elliman Realty, LLC reached approximately $9.8 billion.
Douglas Elliman
Douglas Elliman
Douglas Elliman Revenue by Segment
Forward Guidance
Douglas Elliman is positioning itself for long-term success through strategic initiatives and a focus on profitability and growth.
Positive Outlook
- Expanding company culture of connectivity and entrepreneurialism.
- Executing a clear plan to grow and diversify the business.
- Created a strategic M&A and business development unit.
- Exploring complementary acquisitions in ancillary businesses.
- Analyzing all investments to ensure they hit ROI targets.
Challenges Ahead
- Real estate market conditions
- Competition within the industry
- Economic downturn
- Changes in regulations
- Unforeseen circumstances
Revenue & Expenses
Visualization of income flow from segment revenue to net income