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Dec 30, 2024
Douglas Elliman Q4 2024 Earnings Report
Douglas Elliman reported improved financial results for the fourth quarter and full year of 2024, with increased revenue and reduced operating losses.
Key Takeaways
Douglas Elliman Inc. announced a significant improvement in its financial performance for the fourth quarter of 2024, with revenues increasing to $243.3 million from $214.1 million in the prior year, and a reduction in operating loss to $16.3 million from $23.6 million. The company also saw a meaningful improvement in net loss and Adjusted EBITDA, alongside growth in gross transaction value.
Fourth quarter 2024 revenues increased to $243.3 million, up from $214.1 million in Q4 2023.
Operating loss for Q4 2024 decreased to $16.3 million, compared to $23.6 million in Q4 2023.
Net loss attributed to Douglas Elliman for Q4 2024 was $6.0 million, or $0.07 per diluted common share, an improvement from $14.8 million, or $0.18 per diluted common share, in Q4 2023.
Gross transaction value for Q4 2024 reached approximately $8.8 billion, up from $7.9 billion in Q4 2023.
Revenue by Segment
Forward Guidance
The company expects continued momentum into 2025, driven by strong cash receipts in early 2025, expansion of its footprint, and ongoing cost reductions.
Positive Outlook
- Cash receipts in January and February 2025 were up about 30% from the same time last year.
- Building a strong revenue base is expected to drive earnings.
- Expanding the company's footprint is a key strategy for growth.
- Continuing to reduce costs will contribute to improved earnings.
- The strong balance sheet with $145.5 million in cash and U.S. Treasury securities provides a competitive advantage.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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