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 has surpassed 40,000 agents globally, marking a remarkable 60% year-over-year growth from 25,000 agents last year. This milestone highlights the company’s rapid international expansion and strong performance, as it recorded a 100% revenue increase year-over-year, amounting to $564.0 million in Q3 2020, with a net income of $14.9 million. eXp’s growth is supported by its agent-focused model and expansion into commercial real estate, alongside strategic acquisitions that position the company for continued success in 2021.
Virbela has launched The Virbela Speakeasy, a transformative virtual event space aimed at enhancing online social experiences. This immersive 3D venue accommodates thousands and hosts live performances, social events, and more. With customizable branding options and unique avatar interactions, it aims to replicate in-person events digitally. The facility will officially open on December 17 with a virtual holiday party featuring DJ Jazzy Jeff. As remote solutions grow, Virbela seeks to bridge the gap in human connection in virtual spaces.
eXp World Holdings has completed the acquisition of SUCCESS Enterprises, enhancing its technology-driven platform for the $38 billion personal development industry. This merger combines eXp’s advanced technology with SUCCESS’s established media assets, including the coveted SUCCESS.com domain. The acquisition aims to develop a cloud-based coaching ecosystem, targeting eXp's agents and SUCCESS's 4.5 million community members. CEO Glenn Sanford will lead SUCCESS, as eXp seeks to expand its value proposition and market reach in personal development.
eXp World Holdings (Nasdaq: EXPI) expands into Portugal, marking its seventh international market entry, following other countries such as Canada, Australia, and the UK. This launch is aimed at leveraging Portugal's favorable Golden Visa program to attract foreign investment. The company offers a unique business model that includes revenue share, equity programs, and advanced marketing resources. Led by Guilherme Grossman, eXp Portugal is poised to enhance real estate operations in the region.
eXp World Holdings (Nasdaq: EXPI) has announced its expansion into Mexico, marking its sixth international move under the eXp Mexico brand. This expansion includes both residential and commercial brokerage operations, aiming to tap into Mexico's vibrant real estate market, which serves a population of 126 million. eXp Realty currently operates globally with over 39,000 agents. The innovative, cloud-based model and unique compensation options aim to drive growth for agents in the country. eXp Mexico will be led by Ismael Gonzalez, a seasoned real estate professional.
eXp World Holdings (Nasdaq: EXPI) has launched its real estate operations in India, marking its fifth international expansion. eXp Realty aims to tap into India's market of over 1 million agents, offering a unique model that combines attractive commissions with revenue share and equity ownership. The company has experienced rapid growth, boasting a compounded annual growth rate of over 100% in revenue over the past five years. This move is anticipated to position eXp India as a transformative player within the dynamic real estate landscape.
eXp World Holdings, the parent company of eXp Realty and Virbela, announces management's participation in the Stephens 2020 Virtual Investment Conference on November 17, 2020. Glenn Sanford, CEO, and Jeff Whiteside, CFO, will host a virtual fireside chat at 4:00 p.m. EST and will engage in one-on-one meetings throughout the day. Interested parties can access the webcast via the provided link. eXp Realty continues to grow with over 38,000 agents globally, offering a unique opportunity for real estate professionals to earn company stock.
eXp World Holdings (Nasdaq: EXPI) announced the pending acquisition of SUCCESS Enterprises, including its SUCCESS magazine, website, newsletters, and digital courses. This move taps into the $38 billion personal development market and aims to leverage SUCCESS's 6 million combined reach. eXp plans to enhance its offerings in personal development through on-demand coaching and courses, supported by its immersive Virbela technology. The acquisition is expected to close by Q1 2021, marking a strategic expansion for eXp into entrepreneurial and leadership markets.
eXp World Holdings, Inc. (Nasdaq: EXPI) announced on November 11, 2020, its expansion of eXp Commercial operations into 35 states, aiming to cover all 50 U.S. states by the end of 2020. The company’s innovative cloud-based model attracts top-producing agents with competitive commission packages and stock award opportunities. eXp Commercial enhances collaboration with eXp Realty agents, utilizing a unique technology platform and CoStar resources for improved sales and training. This expansion follows the appointment of James Huang as President of eXp Commercial earlier in September.
Virbela, a virtual world platform owned by eXp World Holdings (Nasdaq: EXPI), reported significant growth in Q3 2020, with a 78% increase in new users from the previous quarter. Notably, over 50% of this user growth came from international markets, particularly Latin America. To meet rising demand, Virbela introduced five new languages for its platform. The company has partnered with major organizations like Penta Marketing to enhance its offerings in immersive event experiences. Additionally, eXp World Holdings hosted EXPCON, the industry's largest real estate event, virtually.
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