Stock Track | The Real Brokerage Inc. (REAX) Stock Soars 9.09% Pre-Market on Record Q4 Results and Growth Outlook

Stock Track03-06

The Real Brokerage Inc. (REAX) stock surged 9.09% in pre-market trading on Thursday, following the company's release of record fourth-quarter and full-year 2024 results. The strong performance and positive outlook for continued growth in the real estate technology space fueled investor confidence, driving the stock higher.

The company reported a 93% year-over-year increase in revenue to $350.6 million for the fourth quarter of 2024, driven by robust growth in closed real estate transactions and agent count. For the full year, revenue soared 84% to $1.26 billion, reflecting the company's expanding market presence and technological innovations.

Notably, The Real Brokerage Inc. reported a 77% year-over-year increase in the total number of agents on its platform, reaching 24,140 by the end of the fourth quarter. This growth in agent count, coupled with the launch of new products like Real Wallet, a financial technology platform for agents, and the upcoming adjustments to its brokerage model, position the company for continued success in the rapidly evolving real estate industry.

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