Exp World Holdin - EXPI STOCK NEWS

eXp World Holdings (NASDAQ: EXPI) has announced leadership changes in its financial department. Jesse Hill, currently VP of International Finance & Corporate FP&A at eXp Realty, will assume the role of Interim Chief Financial Officer effective April 1, 2025. The current Principal Financial Officer, Kent Cheng, will transition to an advisory role on March 31, 2025, and remain with the company until August 31, 2025.

Under Hill's financial leadership, International Realty has expanded into eight additional markets, achieving nearly five-fold revenue growth and improved segment operating margins. Hill, recognized as a 2025 Finance Leader by HousingWire, will focus on ensuring agent-centric investments deliver the highest ROI while maintaining operational efficiency at scale.

The company's Board of Directors is actively searching for a permanent CFO among internal and external candidates. Cheng's planned departure is not related to any disagreements regarding financial statements or disclosures.

eXp World Holdings (NASDAQ: EXPI) reported its Q4 and full-year 2024 financial results. Full-year revenue increased 7% to $4.6 billion, with Q4 revenue of $1.1 billion. The company reported a full-year net loss of $(21.3) million and Q4 net loss of $(9.5) million.

Key operational highlights include a 3% increase in real estate sales transactions to 434,165 in 2024, and a 9% increase in transaction volume to $185.2 billion. However, the agent count decreased 5% year-over-year to 82,980. The company maintained a global agent Net Promoter Score of 77.

eXp distributed $171.2 million to shareholders in 2024, including $141.1 million in stock repurchases and $30.1 million in cash dividends. The company declared a Q1 2025 dividend of $0.05 per share, payable March 19, 2025.

eXp World Holdings (Nasdaq: EXPI) has scheduled its fourth quarter and full-year 2024 financial results announcement for Thursday, Feb. 20, 2025. 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), Wendy Forsythe (CMO, eXp Realty), and Kent Cheng (Principal Financial Officer and Chief Accounting Officer). Investors and stockholders can submit questions in advance to investors@eXpWorldHoldings.com.

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.