Exp World Holdin Stock Price, News & Analysis

eXp Realty, a leading global real estate brokerage, has expanded its operations into New Zealand, now operating in 21 markets with over 80,000 agents worldwide. This launch enhances eXp's presence in the Asia Pacific region, complementing existing operations in Australia, India, and Hong Kong. Maria Stephens, with over 12 years of experience, will lead the New Zealand operations. eXp Realty's model offers agents an attractive commission structure, equity opportunities, and a cloud-based platform powered by Virbela, facilitating effective collaboration.

eXp World Holdings (Nasdaq: EXPI) reported a 73% revenue increase in Q1 2022, reaching $1.0 billion, driven by a 55% growth in agent count, totaling 78,196 agents. Net income rose 83% to $8.9 million, bolstered by a $5.1 million tax benefit. The company announced a $0.04 cash dividend for Q2 2022 and boosted its stock repurchase program to $20 million/month and $500 million total. eXp Realty expanded into the Dominican Republic and Greece, aiming for over 100,000 agents globally by year-end.

eXp Realty, a global real estate brokerage under eXp World Holdings (Nasdaq: EXPI), announced its expansion into Chile and Dubai.

This follows the successful launch of nine new markets in 2021, raising their operational territories to 23, including recent entries in the Dominican Republic and Greece.

eXp Realty's President, Michael Valdes, noted that these expansions target significant growth opportunities in the EMEA and CALA regions, enhancing their market share and economic model for agents.

eXp World Holdings, Inc. (Nasdaq: EXPI) will announce its first quarter 2022 financial results on May 4, 2022, prior to market opening. Following the release, a virtual fireside chat and investor Q&A will take place at 7:30 a.m. PT / 10:30 a.m. ET, featuring key executives including Founder Glenn Sanford and CFO Jeff Whiteside. This event aims to engage current and potential investors, offering insights into the company's performance and strategic direction.

eXp World Holdings (Nasdaq: EXPI) announced the eighth annual eXp Shareholder Summit, scheduled for June 19-21, 2022, at the Rosen Shingle Creek Hotel in Orlando, Florida. Keynote speaker Jay Shetty will present on June 20. The summit will feature company updates, a real estate certification course, an EXPO Hall with over 40 booths, and a wellness event. Attendees can interact with company leadership and learn about eXp's growth in the real estate market, which now boasts over 79,000 agents globally.

Virbela has launched a redesigned virtual campus and advanced avatar system, along with native Zoom integration, enhancing remote work experiences. This platform aims to foster collaboration and community among global businesses, allowing users to customize their environments and avatars. CEO Jason Gesing highlighted that Virbela is a pivotal asset for eXp Realty, which operates entirely in a virtual world. The updates support thousands of concurrent users and will be available to customers soon, following their introduction at the inaugural Hands In 2022 community summit.

eXp Realty has expanded into Greece, marking its 20th market globally and enhancing its international presence. With over 77,000 agents worldwide, eXp Realty aims to tap into Greece's vibrant real estate sector, driven by tourism and foreign investments. Nikos Manomenidis will lead operations in Greece, bringing extensive experience in both residential and commercial real estate. eXp Realty's cloud-based model offers competitive commissions, a revenue share system, and opportunities for agents to earn equity. The company has also expanded into the Dominican Republic and plans to enter New Zealand next.