Welcome to our dedicated page for Exp World Holdin news (Ticker: EXPI), a resource for investors and traders seeking the latest updates and insights on Exp World Holdin stock.
eXp World Holdings (EXPI) operates a pioneering cloud-based real estate brokerage model supported by immersive technology solutions. This page aggregates official press releases and verified news about the company's financial performance, strategic partnerships, and technological advancements in property transactions.
Investors and industry professionals will find timely updates on earnings reports, market expansions, and innovations like virtual collaboration tools. The curated collection serves as a reliable resource for tracking EXPI's growth in global real estate markets and its agent-centric digital ecosystem.
Content spans operational developments, technology launches, leadership changes, and regulatory filings. All materials are sourced directly from company communications or reputable financial publications to ensure accuracy.
Bookmark this page for streamlined access to EXPI's evolving story in real estate technology. Check back regularly for updates that could impact market understanding of this innovative brokerage platform.
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.
eXp World Holdings (NASDAQ: EXPI) reported a significant Q3 2020 performance with revenues doubling to $564 million, marking a 100% increase from Q3 2019. Gross profit rose 103% to $46.8 million, and net income reached $14.9 million or $0.20 per diluted share, a turnaround from a $1.8 million loss last year. Adjusted EBITDA surged 512% to $21.8 million, with cash flow from operations rising 188% to $43.2 million. The company added a record number of agents, totaling over 38,000 globally.
eXp World Holdings, Inc. (Nasdaq: EXPI) has re-engaged MZ Group to enhance its investor relations and financial communication strategies. MZ Group aims to increase eXp's visibility among institutional investors and its growing agent network. With over 38,000 agents globally, eXp has achieved a remarkable 112% annual revenue CAGR over the past five years while maintaining profitability. MZ Group will assist in corporate communications and brand awareness across various platforms as eXp focuses on growth opportunities in real estate and affiliated services like title and mortgage.
eXp World Holdings (Nasdaq: EXPI) is set to host its 11th annual EXPCON event virtually from Nov. 9 to 13, 2020, expecting over 10,000 attendees. Key activities include daily keynotes and breakout sessions, highlighted by a fireside chat with Robert Herjavec on Nov. 9. eXp's third quarter financial results will also be disclosed during the event, alongside a recap of the year’s accomplishments. This event showcases eXp's innovative cloud-based real estate model and virtual capabilities through its platform powered by Virbela.
eXp World Holdings (Nasdaq: EXPI) will report its third quarter financial results on November 9, 2020. Preliminary results show a 56% increase in agents to 35,877 and a 95% rise in residential transaction sides to 75,392 year-over-year. Transaction volume surged 112% to $23.6 billion. Additionally, VirBELA revenue grew over 360%. The company, known for its cloud-based real estate model, is also expanding internationally, recently launching in South Africa. A virtual investor Q&A is scheduled for November 10 to discuss these results.
eXp Realty Expands into South Africa
eXp World Holdings (Nasdaq: EXPI) has announced the expansion of eXp Realty into South Africa, marking its fourth international move. With over 35,000 agents globally, the company enhances its brokerage model by integrating revenue-sharing and stock award opportunities for agents. The South African market will support residential and commercial operations, leveraging eXp's innovative cloud-based technology. This expansion aligns with eXp's strategy to tap into vibrant real estate communities worldwide, alongside its presence in Canada, the UK, and Australia.
