Welcome to our dedicated page for eXp World Holdings news (Ticker: EXPI), a resource for investors and traders seeking the latest updates and insights on eXp World Holdings stock.
eXp World Holdings, Inc. (Nasdaq: EXPI) is a leading provider of cloud-based real estate brokerage services, connecting home buyers and sellers across the United States, Canada, the United Kingdom, Australia, South Africa, Portugal, France, Mexico, and India. Through its platform, exprealty.com, the company offers real-time property listings and enables sellers to list their properties seamlessly. This innovative approach is coupled with a network of highly skilled and consumer-centric agents and brokers.
eXp World Holdings, Inc. also owns Virbela, a virtual reality software platform aimed at enhancing education and team development across various industries, including government and retail. The company has further innovated with eXp World, a cloud campus providing real estate agents and employees with access to collaborative tools, training, and social opportunities.
In addition to its core real estate brokerage, eXp World Holdings provides comprehensive marketing, training, and support services to its brokers and agents through its proprietary technology. The company's diverse offerings include real estate brokerage, technology products and services, title, escrow, settlement services, and mortgage brokerage services.
Recent developments highlight the company's ongoing commitment to its agent-centric model. Despite challenging market conditions, eXp World Holdings reported a significant year-over-year increase in Adjusted EBITDA growth by 53% in the third quarter of 2023. This was driven by a focus on increasing agent Net Promoter Scores (aNPS) and expanding market share. The company has introduced several programs such as Boost, Accelerate, Thrive, and eXp exclusives, alongside partnerships with Opendoor and HomeRiver Group, to empower agents and drive revenue-generating opportunities.
Moreover, the company continues to see international growth with new partnerships, such as the one with HomeHunter Global. Financially, eXp World Holdings maintains a strong cash flow profile, enabling ongoing investments in agent success and shareholder returns through share repurchases and cash dividends.
For more detailed updates and further information, visit the official eXp World Holdings website.
CoStar Group (NASDAQ: CSGP) has announced an enterprise agreement with eXp Commercial, a virtual commercial real estate brokerage subsidiary of eXp World Holdings (Nasdaq: EXPI). Through this partnership, eXp Commercial advisors will gain access to CoStar's comprehensive global real estate data and analytics platform, covering insights on properties across office, industrial, retail, multifamily, hotel, and life sciences sectors nationwide.
The collaboration aims to enhance eXp Commercial's cloud-based platform by providing their advisors with tools for property valuation, market condition analysis, and availability tracking. This integration is expected to support eXp Commercial's growth in the industry by enabling their advisors to make faster, more informed decisions through access to CoStar's solution-driven suite of services.
Bilt Rewards has announced a groundbreaking program allowing members to earn Bilt Points when purchasing homes through eXp Realty agents. Members earn one point for every $2 of a home's purchase price, potentially earning hundreds of thousands of points on a single transaction. The initiative includes a new home search tool that converts listing prices into estimated monthly payments and factors in members' financial profiles. The program also helps renters build credit history by reporting rent payments to credit bureaus and allows points to be used towards down payments. This expansion aims to make homeownership more accessible while rewarding members for their largest lifetime purchase.
eXp World Holdings (Nasdaq: EXPI) announced its participation in the Stephens Annual Investment Conference at the Grand Hyatt Nashville on Nov. 21, 2024. Key executives including Founder and CEO Glenn Sanford, eXp Realty CEO Leo Pareja, and Principal Financial Officer Kent Cheng will participate in a fireside chat moderated by Stephens Analyst John Campbell at 1 p.m. ET.
The session will be webcast live and archived on eXp World Holdings' investor relations website. The executives will also be available for one-on-one meetings during the conference.
eXp World Holdings reported Q3 2024 financial results with revenue increasing 2% to $1.2 billion. The company recorded a net loss of $6.5 million, impacted by an $18.0 million litigation contingency provision. Adjusted EBITDA grew 15% to $23.9 million. The company's agent count decreased 4% to 85,249, while transaction volume increased 5% to $50.8 billion. Cash and cash equivalents stood at $130.4 million. The company announced a $34.0 million settlement for industry class-action lawsuits and declared a quarterly dividend of $0.05 per share.
Rigrodsky Law, P.A. has announced an investigation into potential claims against eXp World Holdings (NASDAQ: EXPI) officers and directors on behalf of stockholders. The investigation concerns shareholders who purchased or acquired eXp shares on or before 2019. The law firm is inviting affected shareholders to learn more about their rights through their website or by contacting their representative.
eXp World Holdings (Nasdaq: EXPI) announced it will release its third quarter 2024 financial results on Thursday, November 7, 2024. The company will host a virtual fireside chat and investor Q&A session at 2 p.m. PT / 5 p.m. ET on the same day. The event will feature key executives including Glenn Sanford (Founder, Chairman and CEO), Leo Pareja (CEO, eXp Realty), Kent Cheng (Principal Financial Officer), Wendy Forsythe (CMO), and Seth Siegler (Chief Innovation Officer). Investors and stockholders can submit questions in advance via email.
eXp Commercial, a subsidiary of eXp World Holdings, Inc. (Nasdaq: EXPI), has launched eXp Commercial Groups to enhance advisor collaboration and streamline deals. The initiative introduces two group structures: Domestic Groups for married couples and Advisor Groups for teams of two or more.
Domestic Groups offer shared commission, caps, fees, and ICON Award eligibility for the primary advisor. Advisor Groups allow teams to maintain their full company dollar cap and split commissions internally. This innovative approach aims to revolutionize commercial real estate, investment sales, and business advisory services by providing tailored support and resources for teams and brokerages.
eXp World Holdings (Nasdaq: EXPI) reported Q2 2024 results, showing resilience in a challenging market. Revenue increased 5% to $1,295 million, driven by superior agent productivity. Net income from continuing operations reached $11.8 million, with earnings per diluted share of $0.08. The company's agent count decreased 1% to 87,111, focusing on retaining productive agents.
Operational highlights include a 7% increase in transaction volume to $51.9 billion and a 1% increase in real estate sales transactions. The global agent Net Promoter Score improved to 76. eXp launched new initiatives like eXp Elevate Coaching and the Global Agent Referral Platform. The company maintained its commitment to shareholders, repurchasing $48.2 million of common stock and declaring a $0.05 per share dividend for Q3 2024.
eXp World Holdings (Nasdaq: EXPI) has announced it will release its second quarter 2024 financial results on Wednesday, July 31, 2024. The company will host a virtual fireside chat and investor Q&A on the same day at 2 p.m. PT / 5 p.m. ET. Key participants in the event include Glenn Sanford (Founder, Chairman and CEO), Leo Pareja (CEO of eXp Realty), and Kent Cheng (Principal Financial Officer and Chief Accounting Officer).
The Q&A session is open to investors, stockholders, and anyone interested in learning more about eXp World Holdings and its subsidiaries. Participants can submit questions in advance to investors@eXpWorldHoldings.com. The event will be held in the virtual world exp.world and will also be livestreamed on the company's website.
eXp World Holdings reported its Q1 2024 financial results, highlighting a 12% increase in transactions, revenue growth of 11%, and a net loss of $15.6 million due to an antitrust litigation provision. The company focused on agent-centric growth, strategic investments, and a positive Adjusted EBITDA position, showcasing long-term value for shareholders.
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