Exp World Holdin Stock Price, News & Analysis

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.

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.