Realogy Holdings Corp. reported a 6% increase in revenue to $1.1 billion for Q1 2020. The company experienced a net loss of $462 million, primarily due to a $447 million impairment charge related to COVID-19. However, Operating EBITDA increased by $35 million year-over-year to $37 million, driven by cost savings and margin expansion.
Generated revenue of $1.1 billion, a 6% increase year-over-year.
Reported a net loss of $462 million, primarily due to a $447 million impairment charge related to broad based declines in the overall market due to COVID-19.
Generated Operating EBITDA of $37 million, an increase of $35 million year over year.
Delivered 8% transaction volume growth across both owned and franchise businesses.
Company expects to prioritize investing in its business and reducing leverage over other potential uses of cash.
Visualization of income flow from segment revenue to net income
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