Core Insights - Christie's International Real Estate is expanding into the Mexican Caribbean and Yucatan Peninsula through a partnership with Mexico Real Estate Group, which will now operate under the name Christie's International Real Estate Mexico Luxury Properties [1][2] Company Overview - Christie's International Real Estate Mexico Luxury Properties was founded in 2005 by Jason Waller and has grown to a team of 16 multilingual agents, with leadership from Waller, his wife Leah Campbell, COO Matthew Mathieson, and Elizabeth Gregg [3] - The firm is well-established in the high-end residential market of the Yucatan Peninsula, which is gaining recognition alongside established luxury markets like Los Cabos and Puerto Vallarta [4] Market Dynamics - The luxury real estate market in the region is robust, with demand for million-dollar homes surpassing that for smaller condos, and properties range from under $1 million to over $10 million [5] - The firm's current inventory includes high-value properties such as a $3.85 million beachfront home and a $2.9 million home in Tulum [6] Infrastructure Developments - Significant infrastructure projects, including Tulum's new international airport and the Maya Train, are enhancing accessibility and tourism, positively impacting the luxury real estate market [7] Strategic Advantages - As the exclusive affiliate of Christie's International Real Estate, the brokerage will benefit from enhanced marketing, international visibility, and connections to Christie's auction house for luxury goods [8] - The recent acquisition of Christie's International Real Estate by Compass, the largest residential brokerage in the US, provides a valuable referral network for international brokers [9] Leadership Perspective - Jason Waller emphasizes that the partnership with Christie's will elevate brand recognition and showcase their expertise in luxury real estate [10] - Kevin Van Eck, president of affiliate strategy at Christie's, highlights the professionalism and experience of Waller's team as ideal for expanding Christie's global network in the region [11] Expansion Context - Christie's International Real Estate Mexico Luxury Properties is part of a broader expansion strategy, now serving over 18 destinations in the Caribbean, including new affiliates in various locations [12]

NEW YORK, Jan. 15, 2025 /PRNewswire/ -- Compass, Inc. (NYSE: COMP) ("Compass" or "the Company"), the largest residential real estate brokerage in the United States by sales volume1, announces an update to its Q4 2024 and full-year 2024 outlook ahead of its participation at the Needham Growth Conference this morning. "In a year where resale transactions are expected to approach a 29 year-low, Compass is on track to deliver record Adjusted EBITDA and free cash flow for the full-year 2024, and expects to be ab ...

CHARLOTTESVILLE, Va., Jan. 14, 2025 /PRNewswire/ -- Quad-C Management, Inc. ("Quad-C"), a leading middle market private equity firm, has completed the sale of @properties to Compass, Inc. ("Compass"; NYSE: COMP). @properties is a Chicago-based real estate services company that owns and operates real estate brokerage firms in seven states, multi-state title and mortgage companies, and the Christie's International Real Estate network. Christie's International Real Estate is a global luxury real estate network ...

franckreporter Listen below or on the go on Apple Podcasts and Spotify The Nasdaq is up 30% and the Dow trails badly, up 14%. (0:34) Housing and manufacturing data dominate short week. (1:57) South Korea plane crash kills 179. (3:07) The following is an abridged transcript: It’s another holiday-shortened week for Wall Street, with markets shut on Wednesday, January 1. But Tuesday, December 31 the stock market closing bell rings at 4 p.m. ET as normal as it’s the last trading day of the year. The bond ...

wildpixel Listen below or on the go on Apple Podcasts and Spotify The holiday-shortened week will market the start of seasonal stock gains. (0:18) Costs soaring on ChatGPT improvement project. (4:06) How much did the "12 Days of Christmas" cost in '24? (5:14) Investors will enjoy a holiday-shortened trading week. The stock and bond markets are shut on Wednesday for Christmas Day and both will also close early on Tuesday for Christmas Eve. But while there are no major earnings, there’s still the Santa ...

Table of Contents ___________________________ Title of Each Class Trading Symbol Name of Each Exchange on Which Registered Class A Common Stock, $0.00001 par value per share COMP The New York Stock Exchange ___________________________ UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 ___________________________ FORM 10-Q ___________________________ (Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September ...

Compass, Inc. (NYSE:COMP) Q3 2024 Earnings Conference Call October 30, 2024 5:00 PM ET Company Participants Kalani Reelitz - Chief Financial Officer Soham Bhonsle - Head of Investor Relations Robert Reffkin - Founder and Chief Executive Officer Conference Call Participants Matthew Bouley - Barclays Matthew Cost - Morgan Stanley Ryan McKeveny - Zelman & Associates Jason Helfstein - Oppenheimer & Co. Inc. Michael Ng - Goldman Sachs Chris Kuntarich - UBS Group AG Operator Thank you for standing by. And at this ...

Financial Performance - Revenue in Q3 2024 increased by 11.7% year-over-year to $1.5 billion, while transactions increased 16.1% compared to a 1.9% decline in the overall residential real estate market [2]. - Adjusted EBITDA for Q3 2024 was $52.0 million, an improvement of $30.2 million from $21.8 million in Q3 2023 [2]. - GAAP net loss in Q3 2024 was $1.7 million, an improvement of $37.7 million from a net loss of $39.4 million in Q3 2023 [2]. - Revenue for Q3 2024 was $1,494.0 million, an increase of 11.7% from $1,337.4 million in Q3 2023 [16]. - Total operating expenses for Q3 2024 were $1,497.4 million, up from $1,376.3 million in Q3 2023, reflecting a year-over-year increase of 8.8% [16]. - Net loss attributable to Compass, Inc. for Q3 2024 was $(1.7) million, compared to a net loss of $(39.4) million in Q3 2023, showing significant improvement [16]. - Net loss for the nine months ended September 30, 2024, improved to $114.1 million from $236.3 million in the same period of 2023, representing a 51.8% reduction [18]. - Adjusted EBITDA for the nine months ended September 30, 2024, was $109.3 million, compared to a loss of $15.2 million in the same period of 2023 [19]. Cash Flow and Liquidity - Cash and cash equivalents at the end of Q3 2024 were $211.2 million, with positive operating cash flow of $37.4 million and free cash flow of $32.8 million [2]. - Cash and cash equivalents increased to $211.2 million as of September 30, 2024, up from $166.9 million at December 31, 2023 [15]. - Net cash provided by operating activities increased significantly to $91.0 million for the nine months ended September 30, 2024, compared to $12.8 million in the prior year [18]. - Free cash flow for the nine months ended September 30, 2024, was $79.1 million, a substantial increase from $3.9 million in the same period of 2023 [20]. - Cash and cash equivalents at the end of the period were $211.2 million, slightly down from $220.0 million at the end of September 30, 2023 [18]. Operational Metrics - The number of principal agents increased by 20.0% year-over-year to 17,542, with a quarterly retention rate of 97.8% [3]. - Gross Transaction Value (GTV) in Q3 2024 was $57.7 billion, up 13.4% from $50.9 billion in Q3 2023 [3]. - Total commissions and other related expenses for the nine months ended September 30, 2024, were $3,495.3 million, up from $3,111.1 million in the same period of 2023 [21]. - Research and development expenses for Q3 2024 were $47.5 million, slightly up from $45.8 million in Q3 2023 [16]. - Capital expenditures for the nine months ended September 30, 2024, totaled $11.9 million, compared to $8.9 million in the same period of 2023 [20]. Future Projections - The company expects Q4 2024 revenue to be between $1.225 billion and $1.325 billion, and full-year revenue to be between $5.47 billion and $5.57 billion [4]. - Full-year 2024 Adjusted EBITDA is projected to be between $109 million and $119 million [4]. - Non-GAAP OPEX for full-year 2024 is expected to be between $876 million and $896 million [4]. - The company plans to launch the 'Compass One' client dashboard in early Q1 2025, enhancing collaboration between agents and clients [3]. Shareholder Information - The company reported a weighted-average of 505,993,014 shares used in computing net loss per share for Q3 2024 [16]. - Stock-based compensation for the nine months ended September 30, 2024, was $96.3 million, down from $121.9 million in the same period of 2023 [19]. - GAAP sales and marketing expenses for the nine months ended September 30, 2024, were $276.5 million, compared to $332.5 million in the same period of 2023 [21]. - Non-GAAP operating expenses excluding commissions and other related expenses totaled $215.0 million for the nine months ended September 30, 2024 [22].

The Zacks Computer and Technology sector has demonstrated remarkable resilience with 24.2% year-to-date growth in 2024, outperforming both the tech-heavy Nasdaq composite and the broader S&P 500 index's increases of 20.8% and 20.6%, respectively. This outperformance can be attributed to several key factors. The continued adoption of artificial intelligence and machine learning across industries has fueled demand for advanced semiconductors, cloud computing services, and software solutions, benefiting compan ...

A recovery in the housing market could help revive the real estate industry. It's been a nerve-wracking August for investors. After the Federal Reserve closed July by maintaining the benchmark Fed funds rate at 5.25% to 5.5%, where it's been for over a year, investors have been clamoring for a do-over. The S&P 500 plunged 6% over the first three trading days of August as a raft of downbeat economic data convinced investors that the economy was weakening faster than expected and the Fed had erred in not lowe ...