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 Realty announced significant growth in 2022, leading the real estate industry in production with a year-over-year agent increase of 21%, reaching 86,203 agents. The brokerage achieved top rankings in the 2023 RealTrends 500 Report, including No. 1 for sides and transactions. It was also recognized as the only major firm to grow both transaction volume and numbers, even as the overall market declined. This growth was highlighted by respected analysts and multiple awards, including being named a Best Place to Work on Glassdoor for six consecutive years and receiving the Bravo Growth Award for highest year-over-year revenue growth. eXp Realty continues to expand internationally, leveraging its unique agent-centric model.
eXp Realty announced the appointment of Carrie Lysenko as the new CEO of Zoocasa, effective April 17, 2023. Lysenko, who has been with Zoocasa since 2019, previously served as Chief Operating Officer and has extensive experience in product and marketing leadership.
Under her leadership, Zoocasa aims to enhance lead generation and integration capabilities across North America, focusing on providing more opportunities for eXp Realty agents. Lysenko succeeds Lauren Haw, who led Zoocasa's significant growth and will continue to contribute as Broker of Record.
This leadership change is part of eXp Realty's strategy to expand its services and leverage Zoocasa's expertise in online lead conversion to increase revenue and market presence in the U.S.
eXp Realty has appointed Carolyn Merchant as Chief Marketing Officer (CMO) to spearhead the company's brand and marketing strategy, focusing on agent enablement and growth. Merchant, who has nearly two decades of marketing experience, most recently served as VP of Brand & Communications at eXp Realty. Her prior role included leading global brand efforts at Colliers across 86 countries. CEO Glenn Sanford expressed confidence in Merchant's ability to enhance agent-centric strategies. The firm continues to grow internationally, boasting over 87,000 agents across multiple countries, positioning itself as the largest independent real estate company globally. eXp Realty offers a unique equity rewards program for agents and is known for its innovative cloud-based brokerage services.
eXp World Holdings, Inc. (Nasdaq: EXPI) announced the participation of Fred Reichheld, creator of the Net Promoter System (NPS), and change expert Cassandra Worthy at its upcoming eXp Shareholder Summit, scheduled for May 17-20, 2023, in Orlando, Florida.
Reichheld will discuss enhancing customer and employee loyalty to drive profitability, while Worthy will focus on transforming fear of change into organizational growth. The event promises to be the most agent-centric in eXp history, featuring various sessions, motivational speakers, and unique opportunities like the eXplorer Pass for agents.
eXp World Holdings announces the eXp Shareholder Summit from May 17-20, 2023, in Orlando, Florida, featuring keynote speaker Ed Mylett. The summit aims to empower eXp Realty agents, providing updates on the company and a platform for networking and professional development.
Attendees can expect sessions with leading speakers, fast-track certifications, an ICON Agents panel, and the introduction of the eXplorer Pass, allowing agents to invite non-eXp licensed guests for a full experience. The event will also include a 5K Fund Run supporting the eXtend a Hand nonprofit.
BELLINGHAM, Wash., March 13, 2023 — eXp Realty announced the appointment of John Tsai as president of eXp Realty Canada, aiming to capitalize on the company’s significant growth in the region. Tsai, a top realtor with over 15 years of experience, will enhance operations and improve agent experience. The leadership team also saw Nadia Habib appointed as VP of Growth and Nathalie Goodyer as VP of Operations, both poised to drive further expansion and operational improvements across Canada. This restructuring reflects eXp's commitment to maintaining momentum in a rapidly growing market.
eXp World Holdings, Inc. (Nasdaq: EXPI) has announced the appointment of Amy Somerville as the new CEO of SUCCESS Enterprises. This strategic move aims to enhance personal and professional development services. Somerville brings extensive leadership experience, having previously served as vice president of professional development at Buffini & Company and as an executive with RE/MAX. Under her guidance, SUCCESS aims to innovate personal development offerings, fostering a collaborative community.
Founder Glenn Sanford expressed confidence in Somerville’s ability to revitalize the brand, which has a rich history of inspiring individuals since 1897.
eXp Realty, a subsidiary of eXp World Holdings (Nasdaq: EXPI), reported significant growth in its 2022 revenue share and agent equity payouts. Revenue share to agents increased by 20% to $202 million. The company issued over 2.5 million shares to agents valued at over $42.5 million. eXp Realty emphasizes its agent-centric model, which aligns agents’ interests with the company's growth, proving sustainable across varying market conditions. Since its public listing in 2013, EXPI has outperformed other real estate companies, achieving the highest market cap among publicly traded residential real estate brokerages.
eXp World Holdings, Inc. (Nasdaq: EXPI) reported a 22% increase in revenue, reaching $4.6 billion for 2022. The company introduced segment reporting for better transparency, revealing a profitable North American Realty segment. Q4 2022 revenue was $933 million, though it reported a net loss of $7.2 million for the quarter. A cash dividend of $0.045 per share for Q1 2023 was declared. CEO Glenn Sanford highlighted a strong agent-centric focus, maintaining profitability amid market challenges, while achieving a global NPS score of 73. As of year-end, cash and equivalents stood at $121.6 million with no debt.
eXp World Holdings (Nasdaq: EXPI) is set to report its fourth quarter and full-year 2022 results on February 28, 2023. The company will also host a virtual investor Q&A at 2 p.m. PT / 5 p.m. ET, featuring Glenn Sanford, CEO, and Jeff Whiteside, CFO. Investors can submit questions in advance via email. eXp World Holdings operates eXp Realty, known for its rapid growth and equity rewards program, offering real estate solutions through a cloud-based platform powered by Virbela. The company emphasizes professional development through its SUCCESS® Enterprises brand.
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