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 appointed Peggie Pelosi to its board of directors as of January 26, 2023. This brings the total number of directors to eight, with four being independent. Pelosi is recognized for her extensive expertise in sales models and ESG strategy, which is expected to bolster the company’s agent value proposition as it continues to expand. She has a significant background in corporate social responsibility and sustainability, previously holding key positions at USANA Health Sciences and currently serving on its board. The appointment aligns with eXp's ongoing growth, with over 86,000 agents worldwide.
eXp Realty, a subsidiary of eXp World Holdings (Nasdaq: EXPI), has signed a Letter of Intent with Realty.com for exclusive services and pricing. This partnership allows eXp agents to access buyers and sellers directly in over 26,000 cities across the U.S., enhancing their competitive advantage. Services include exclusive branding, coaching, and lead support, which will be complemented by eXp's newly launched Revenos platform for additional lead generation. This collaboration exemplifies eXp's commitment to improving agent value and market success, reinforcing its position as a leading real estate brokerage.
eXp World Holdings, Inc. (Nasdaq: EXPI) announces the return of Glenn Sanford as CEO of eXp Realty, emphasizing innovation and growth amid real estate market challenges. Jason Gesing is appointed Chief Industry Relations Officer, aiming to strengthen industry ties. Sanford's leadership is expected to enhance eXp Realty's agent-centric model and drive new service offerings, including the recent acquisition of Zoocasa and the launch of Revenos, eXp Luxury, and eXp Referral Division. The company continues to expand globally, with over 86,000 agents operating in multiple countries.
eXp Realty has expanded its operations into Dubai, marking its 24th market globally and the sixth to open in 2022. This move aims to leverage Dubai's diverse economy and multicultural population, enhancing eXp Realty's presence in the Middle East. The Dubai operations will be led by Dounia Fadi, bringing over 18 years of local real estate experience. The company's innovative cloud-based platform continues to support rapid growth, boasting over 86,000 agents worldwide. eXp's commission structure incentivizes agent recruitment and production, allowing agents to earn equity through their activities.
Virbela has been recognized in Fast Company's 2022 list of the Next Big Things in Tech for its contributions in the Metaverse and Web3 category. The immersive technology company, part of eXp World Holdings (EXPI), has created an enterprise metaverse that addresses workplace challenges for remote teams. Companies like eXp Realty have improved their operational efficiency significantly since adopting Virbela's platform. The list showcases 83 impactful technologies across various sectors, highlighting innovations set to transform industries in the next five years.
eXp Realty has appointed Leo Pareja as Chief Strategy Officer to enhance its competitive advantage and agent value proposition. Previously serving as President of Affiliated Services, Pareja initiated the launch of Revenos, a referral division connecting agents with buyers and sellers, and improved eXp Solutions, a suite of vendor tools and services. With over 20 years in real estate, he has received multiple recognitions and aims to drive growth and innovation within the organization.
eXp World Holdings, the parent company of eXp Realty, Virbela, and SUCCESS Enterprises, announced management participation in the Stephens Annual Investment Conference in Nashville, Tennessee, from November 15-17, 2022. Founder and CEO Glenn Sanford and CFO Jeff Whiteside will engage in a fireside chat on November 15, moderated by analyst John Campbell. The event will be webcast live, providing an opportunity for stakeholders to gain insights into the company's growth and strategies. For further details, visit eXp's investor relations website.
eXp Realty has expanded its operations into Poland, marking its fifth market launched in 2022. This move increases its global presence to 23 markets with over 86,000 agents. The company's cloud-based platform enables rapid expansion, catering to agents in diverse markets. Led by Dorota Chomuntowska, eXp aims to leverage Poland's resilient real estate sector to enhance its European footprint. Agents benefit from an attractive commission structure and opportunities for equity. The announcement underscores eXp’s ongoing commitment to innovation and international growth.
eXp World Holdings, Inc. (Nasdaq: EXPI) reported a 12% increase in Q3 2022 revenue to $1.2 billion, with a 30% growth in agent count to over 84,000. Despite a net income drop to $4.4 million from $23.8 million year-over-year, gross profit rose 17% to $93.1 million. The company repurchased approximately $60 million of common stock and declared a cash dividend of $0.045 per share for Q4 2022. eXp Realty expanded internationally and launched new services, highlighting its ability to adapt and grow in a challenging market.
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