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, Inc. (Nasdaq: EXPI) generates frequent news as the holding company for eXp Realty and SUCCESS Enterprises. Company announcements regularly highlight developments in its cloud-based, agent-centric real estate brokerage model and its personal and professional development offerings anchored by SUCCESS magazine. Because eXp Realty operates with a large global agent base across many countries and international locations, updates often focus on platform performance, international expansion and initiatives aimed at supporting agents.
Investors and observers following EXPI news will see quarterly earnings releases, Form 8-K results announcements and related commentary from management on revenue trends, operating costs, non-GAAP metrics such as adjusted EBITDA and adjusted operating cash flow, and agent satisfaction indicators like the global agent Net Promoter Score. News items also cover Board decisions on cash dividends, amendments to the company’s stock repurchase plan, and leadership changes such as the appointment of the Chief Financial Officer.
Beyond financial reporting, eXp World Holdings issues news about virtual investor events, fireside chats and Q&A sessions where executives discuss the company’s strategy, technology focus and agent-first culture. Releases tied to SUCCESS Enterprises describe initiatives such as the AI-powered SUCCESS+ platform, which is positioned as a global community and learning environment for growth-minded individuals and partners.
This EXPI news page brings together these types of disclosures and press releases in one place, helping readers review company communications on earnings, capital allocation decisions, leadership updates, technology initiatives and ecosystem developments over time.
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.
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.
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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.
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