eXp World Holdings, Inc. - EXPI STOCK NEWS

eXp World Holdings (Nasdaq: EXPI) will report its Q1 2021 financial results on May 6, 2021, before market open. This will be followed by a virtual event featuring CEO Glenn Sanford and CFO Jeff Whiteside at 2 p.m. PT / 5 p.m. ET. The event is open to investors and individuals interested in learning more about the company. eXp World Holdings is known for its rapid growth, with over 50,000 agents across multiple countries, and offers equity awards for agents, a unique business model, and cloud-based solutions.

eXp Commercial, part of eXp World Holdings (Nasdaq: EXPI), has partnered with Reonomy to enhance property intelligence for its agents. The collaboration offers superior commercial real estate insights through advanced technology, including AI and machine learning. Agents will benefit from access to Reonomy’s web application as part of their membership. The partnership aims to improve prospecting strategies and overall efficiency. Additionally, eXp Commercial is launching a free CRE training program for all licensed agents, scheduled for April 26-30, 2021.

eXp World Holdings, Inc. (Nasdaq: EXPI) will host its seventh annual eXp Shareholder Summit from May 17-21, 2021, virtually for the second year. The event aims to update shareholders on company performance with insights from CEO Glenn Sanford and other leadership team members. Over 25,000 participants, including agents and shareholders, are expected. They will have the opportunity to vote on shareholder matters and engage in various breakout sessions, workshops, and networking opportunities, enhancing agents' abilities to run productive businesses.

eXp World Holdings (Nasdaq: EXPI) has partnered with Grant Cardone to enhance the training programs for its agents. This collaboration aims to provide dynamic sales training and access to Cardone University, expanding on eXp's current offering of over 50 hours of live virtual training weekly. Cardone will also participate in major eXp events, reinforcing eXp's commitment to equipping its network of over 50,000 agents with superior resources. The partnership reflects eXp's growth trajectory and its focus on agent success in the competitive real estate landscape.

eXp World Holdings has surpassed 50,000 agents globally, marking a remarkable 75% year-over-year growth compared to 28,449 agents in Q1 2020. This milestone follows a record 2020 where revenue grew 84% to $1.8 billion. The company expanded into five new international markets and was recognized as a top workplace by Glassdoor. With innovative technology and an agent-centric model, eXp continues to attract talent in the real estate sector, aiming for even further global presence by Q2 2021.

eXp World Holdings (Nasdaq: EXPI) has expanded its operations into Hong Kong, enhancing its status as one of the fastest-growing real estate companies globally. This expansion adds to its presence in 11 other countries, totaling over 50,000 agents worldwide. Led by Michael Valdes, eXp aims to leverage Hong Kong's dynamic market for real estate professionals. The local brokerage will be managed by Kingly Choi, boasting over 15 years of experience. This move is part of eXp's broader expansion strategy, which includes entering additional markets in 2021.

eXp World Holdings, operating under EXPI, has expanded its real estate services into Italy, marking a significant growth step in continental Europe. This expansion adds to its presence in over 10 countries globally, with more than 49,000 agents. Led by Michael Valdes, the company aims to cater to the resilient Italian market, particularly in major cities. The move capitalizes on the digital transformation of the real estate sector, offering a cloud-based model that benefits agents through innovative solutions and income opportunities.

eXp Realty plans to expand its operations into Colombia, Spain, and Israel by the end of June 2021. This follows successful launches in Puerto Rico and Brazil earlier this year, bringing the total to 16 countries. The company, which has seen a growth of over 60% in its agent base, now boasts more than 48,000 agents. eXp's President, Michael Valdes, highlighted the potential of these new markets and the strategic expansion into EMEA and CALA regions, driven by a unique financial model and a cloud-based brokerage platform.

eXp World Holdings (Nasdaq: EXPI) reported a record revenue increase of 84% in 2020, reaching $1.8 billion with a net income exceeding $31 million, marking the company's most profitable year. In Q4 alone, revenue surged 122% to $609.3 million, and net income rose 85% to $7.7 million. Agent count grew 63% to 41,313, and residential transaction volume increased 89% annually. The company expanded internationally, launching in five new countries and establishing plans for further expansion.