Overview
The Real Brokerage Q3 revenue rose 53% yr/yr to $568.5 mln, driven by transaction growth
Adjusted EBITDA for Q3 increased 54% to $20.4 mln, reflecting operational efficiency
Company repurchased 3.2 mln shares for $15.5 mln, showing confidence in financial position
Outlook
Company did not provide specific financial guidance for future quarters
Result Drivers
TRANSACTION GROWTH - Closed transactions increased 49% yr/yr, driving revenue growth
AGENT EXPANSION - Agent base grew by 2,100 in Q3, surpassing 30,000 total agents
LOWER CHURN - Churn metrics declined to multi-year lows, supporting growth
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Revenue | $568.50 mln | ||
Q3 EPS | -$0.002 | ||
Q3 Net Income | -$400,000 | ||
Q3 Adjusted EBITDA | $20.40 mln | ||
Q3 Gross Profit | $44.90 mln |
Press Release: ID:nBwL6kzya
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)
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