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.
eXp World Holdings (Nasdaq: EXPI) reported record financial results for 2021, with revenue soaring 110% to $3.8 billion and net income rising 162% to $81.2 million. The fourth quarter also saw impressive growth with revenue up 77% to $1.1 billion. Notably, the company increased its agent count by 72% to 71,137, closing 444,367 real estate transactions, a rise of 86%. A cash dividend of $0.04 per share for Q1 2022 was declared, to be paid on March 31, 2022. The company is expanding globally, with plans to grow in new markets such as Greece and New Zealand.
eXp World Holdings (Nasdaq: EXPI) will release its Q4 and full-year 2021 financial results on February 24, 2022. A virtual fireside chat and investor Q&A will follow at 8:30 a.m. PT, featuring Founder and CEO Glenn Sanford and CFO Jeff Whiteside. The event is accessible to all interested parties and aims to provide insights into eXp Realty's growth and operations, including opportunities for agents to earn equity and its innovative brokerage model powered by Virbela.
eXp Commercial, the commercial real estate arm of eXp World Holdings (Nasdaq: EXPI), has appointed KC Conway as an economic advisor to enhance its research and analytics capabilities. Conway, an expert in commercial real estate, will provide valuable insights on capital markets and regulatory changes, aiding agents and clients in navigating the evolving market. This collaboration aims to strengthen eXp Commercial's growth strategy, particularly in leveraging opportunities within traditional and digital real estate sectors, including the metaverse.
eXp Realty, a subsidiary of eXp World Holdings (Nasdaq: EXPI), has surpassed 75,000 agents globally, marking a significant 60% year-over-year growth from 46,745 agents in February 2021. This achievement follows eXp's recognition as one of Glassdoor’s Best Places to Work for five consecutive years. Additionally, eXp has expanded into the Dominican Republic, increasing its operational footprint to 19 countries. Founder Glenn Sanford highlighted their innovative agent-centric business model as key to their rapid expansion.
eXp Realty has expanded its operations into the Dominican Republic, marking its presence in 19 countries with over 73,000 agents globally. Marbel Lugo, a veteran in real estate with over 20 years of experience, will lead the new operations. The decision comes amidst strong interest from local agents, underpinned by the Dominican Republic's robust housing market fueled by tourism and investment incentives. The move is part of eXp's aggressive international growth strategy, with additional markets in Greece and New Zealand planned for early 2022.
eXp World Holdings (Nasdaq: EXPI) has appointed Jairek Robbins as president of SUCCESS Enterprises, marking a new era as the company celebrates its 125-year anniversary. Robbins, a noted coach and speaker, aims to enhance personal and professional development through SUCCESS's innovative media and coaching platforms. His experience includes training for prestigious institutions and organizations such as Harvard and the U.S. military. The announcement aligns with eXp's vision to empower professionals, leveraging advanced technology for impactful growth solutions.
eXp Realty announced plans to expand its brokerage operations into the Dominican Republic, Greece, and New Zealand in Q1 2022. This follows a successful launch in nine markets in 2021, bringing its total presence to 21 countries. eXp Realty experienced a remarkable 97% revenue growth to a record $1.1 billion in Q3 2021. The expansion aims to enhance its strategic footprint across various regions, addressing high market demand and capitalizing on local economic growth. The company plans to hire leaders in each new market to drive local operations.
eXp World Holdings announces that Glenn Sanford and Jason Gesing have been recognized as the 2nd and 31st most powerful leaders in the residential real estate industry, respectively, according to the 2022 Swanepoel Power 200 list. Sanford has shown impressive rankings over the years, rising from No. 190 in 2014 to No. 2 in 2022. eXp Realty continues to grow rapidly, boasting over 72,000 agents globally and a market cap exceeding $11 billion, surpassing major competitors. This recognition reflects the company's performance and the commitment of its agents and staff.
eXp Realty has surpassed 70,000 agents globally, marking a 69% increase from 41,313 agents at the start of 2021. This milestone follows a record third quarter in which the company saw revenue increase by 97% to $1.1 billion and gross profit rise by 70% to $79.5 million. The company's expansion into nine new international markets and its focus on agent satisfaction, indicated by a Net Promoter Score of 69, further solidify its position as the fastest-growing real estate brokerage worldwide.
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