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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) announced preliminary 2020 financial results, reporting a record revenue of approximately $1.8 billion, up 84% from 2019. The fourth quarter revenue is expected to increase 122% to around $609 million, with net income rising 885% to approximately $7.7 million. The number of agents on the platform grew 63% to 41,313. The company attributes growth to its cloud-based platform and successful acquisition of SUCCESS Enterprises. A detailed report will be presented on March 11, 2021.
eXp World Holdings, the parent company of eXp Realty, announced that CEO Glenn Sanford and CFO Jeff Whiteside will present at the JMP Securities Technology Conference on March 2, 2021. The virtual presentation will occur at 10 a.m. PT / 1 p.m. ET. Registration is required for participation, and a live webcast will be available. eXp World Holdings is rapidly expanding, boasting over 46,000 agents globally and offering unique opportunities for real estate professionals to earn equity awards. For more details, visit the company’s website.
eXp World Holdings (Nasdaq: EXPI) has officially expanded into South America with the launch of eXp Brazil. This marks a significant growth milestone for the company, known as one of the fastest-growing real estate firms globally. Leading the Brazilian venture are seasoned professionals, including Ernani Assis, who will oversee brokerage operations in major cities like Sao Paulo and Rio de Janeiro. Brazil, the eighth-largest economy, presents a favorable market for eXp Realty’s innovative model, which empowers agents through robust training and potential equity earnings.
Virbela has announced a partnership with The Douglas Stewart Company to enhance virtual education. This collaboration aims to create immersive virtual campuses for nearly 5,000 colleges and universities, as well as 132,000 K-12 schools across the U.S. With 65% of households with students engaged in distance learning due to the pandemic, this initiative addresses the need for better engagement and connectivity. The partnership will leverage Virbela's technology to provide realistic classrooms and interactive lessons, improving student participation and fostering social relationships.
eXp World Holdings (Nasdaq: EXPI) has officially expanded into Puerto Rico, marking its first strategic move in the Caribbean. The company now operates in 10 international locations, including Australia, Canada, and the UK, amassing over 43,000 agents globally. President Michael Valdes highlighted Puerto Rico's favorable tax incentives and its potential for growth in real estate. eXp Realty offers agents a unique financial model, allowing them to earn equity and additional income through company revenue growth. The Puerto Rico operations will be led by seasoned real estate expert Ivelisse Lopez.
eXp World Holdings, Inc. (Nasdaq: EXPI) announced a 2-for-1 stock split to enhance stock accessibility for employees and investors. Stockholders as of Jan. 29, 2021 will receive one additional share for each share held, with distribution occurring after market close on Feb. 12, 2021. Trading on a split-adjusted basis starts on Feb. 16, 2021. CEO Glenn Sanford emphasized that this move will help fuel growth and reflects the company’s ongoing success in the real estate tech sector, which includes over 42,000 agents across several countries.
eXp Realty Expands Its Canadian Operations
eXp Realty, a subsidiary of eXp World Holdings (Nasdaq: EXPI), has announced its expansion into New Brunswick and Manitoba, bringing its operations to nine Canadian provinces. Experienced leaders Lou Yerxa and Rena Prefontaine will manage these new markets. The company offers a unique financial model that allows agents to earn equity while leveraging technology to enhance their business. This expansion reflects eXp's commitment to international growth and its innovative, agent-first approach.
eXp Realty, a subsidiary of eXp World Holdings (Nasdaq: EXPI), has been recognized by Glassdoor as one of the Best Places to Work in 2021 for the fourth consecutive year. The award is based on employee feedback regarding workplace satisfaction, with eXp Realty achieving a strong overall rating of 4.7 out of 5. Notably, 94% of employees would recommend the company, and they received 4.8 stars for diversity and inclusion. Additionally, eXp leaders were included in the Swanepoel Power 200 list, highlighting their growth trajectory.
eXp Realty, a subsidiary of eXp World Holdings (Nasdaq: EXPI), will expand operations into Puerto Rico, Brazil, Italy, and Hong Kong by Q1 2021. This follows a successful 2020, where eXp grew its agent base by over 60%, totaling more than 41,000 agents across nine countries. The expansion aims to bolster eXp's global market share and introduce experienced local leaders in these new regions. eXp's unique financial model allows agents to earn equity in the company, enhancing its appeal as a cloud-based brokerage.
eXp World Holdings (Nasdaq: EXPI) announces its expansion into France, marking the final international launch of 2020. This move enhances its already extensive presence across the globe, joining countries like Australia, Canada, and the UK, with a network of over 40,000 agents. The company aims to leverage France's status as the third-largest economy in Europe, providing agents with potential financial independence through its unique real estate model and advanced technology platform powered by Virbela.
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