Douglas Elliman Q4 2023 Earnings Report
Key Takeaways
Douglas Elliman Inc. reported a revenue increase for Q4 2023, marking the first year-over-year quarterly revenue growth since Q1 2022. The company's net loss also decreased compared to the same quarter last year, reflecting a gradual stabilization in home purchasing activity and strength in luxury markets.
Revenues increased to $214.1 million from $207.3 million in the prior year quarter.
Real estate brokerage segment's gross transaction value was approximately $7.9 billion, compared to approximately $7.5 billion in the prior year quarter.
Net loss attributed to Douglas Elliman was $14.8 million, or $0.18 per diluted common share, compared to a net loss of $18.4 million, or $0.23 per diluted common share, in the prior year quarter.
Operating loss was $23.6 million, compared to an operating loss of $21.9 million in the prior year quarter.
Douglas Elliman
Douglas Elliman
Douglas Elliman Revenue by Segment
Revenue & Expenses
Visualization of income flow from segment revenue to net income