eXp(EXPI)

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Kortney Wilson Joins eXp Realty, Expanding Her Real Estate Empire
Newsfilter· 2025-02-25 17:00
Core Insights - eXp Realty welcomes HGTV star Kortney Wilson, marking a significant career move as she expands her multifaceted business [2][4] - Wilson is known for her successful transition from country music to real estate, having flipped over 150 homes and built a brand in home design and renovation [3][4] - Her decision to join eXp Realty is influenced by the company's innovative agent-centric model and global reach, emphasizing collaboration and support for agents [4][5] Company Overview - eXp World Holdings, Inc. is the holding company for eXp Realty, FrameVR.io, and SUCCESS® Enterprises, and is publicly traded on NASDAQ under the ticker EXPI [5][6] - eXp Realty is the largest independent real estate company globally, with over 82,000 agents across multiple countries including the US, Canada, UK, Australia, and more [6] - The company offers a unique opportunity for real estate professionals to earn equity awards based on production goals and contributions to overall growth [6] Business Expansion - Wilson plans to leverage eXp's worldwide network to grow her referral business and expand her design expertise to more clients [4] - In addition to real estate, Wilson is launching her Kort & Co. furniture line, a new television show titled "Life Is Messy," and a podcast called "The Sh*t Stick of Life" [4]
eXp(EXPI) - 2024 Q4 - Earnings Call Presentation
2025-02-21 01:34
exp HOLDINGS. INC. Q4 + Full Year 2024 Financial Results Virtual Fireside Chat February 20, 2025 //////// slido.com event code:#EXP Q4 + Full Year Earnings Speakers WENDY FORSYTHE Chief Marketing Officer eXp Realty KENT CHENG Principal Financial Officer Chief Accounting Officer eXp World Holdings LEO PAREJA CEO eXp Realty SPRING BENGTZEN CEO Utah Life Real Estate Group GLENN SANFORD Founder, Chairman & CEO eXp World Holdings ////////// Forward Lookina Statements slido.com event code: #EXPI /////////// 1 Wit ...
eXp(EXPI) - 2024 Q4 - Earnings Call Transcript
2025-02-21 01:32
Financial Data and Key Metrics Changes - eXp World Holdings reported $4.6 billion in revenue for 2024, a 7% increase from the previous year [54] - Adjusted EBITDA for 2024 was $75.5 million, representing a 16% year-over-year increase [56] - The company reported a net loss from continued operations of $16.8 million for 2024, but adjusted net income was $12.2 million, a 247% increase over the prior year [55][56] Business Line Data and Key Metrics Changes - International revenues grew 63% in 2024, with a 72% increase in Q4 alone [55][56] - North America Realty segment revenue for Q4 grew 11% year-over-year to $1.068 billion, driven by higher home sales prices and improved agent productivity [62] - The number of productive agents increased, with a 12% increase in transactions per agent and a 23% increase in sales volume per agent in Q4 [33][54] Market Data and Key Metrics Changes - The company ended the year with 82,980 agents, reinforcing its position as the most agent-centric brokerage in the industry [58] - The U.S. housing market is expected to decline by about 3% in Q1 2025, with single-digit growth anticipated in the second half [93] Company Strategy and Development Direction - eXp aims to expand its international presence, targeting 60+ countries in the next five years, with a focus on productive agents [129][130] - The company emphasizes operational excellence and partnerships with best-in-class technology providers to enhance its value stack [82][86] - The strategy for 2025 includes continued investment in agent-centric initiatives and technology improvements [95] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the international market's growth potential, comparing it to the U.S. market's earlier development stages [72][74] - The company is focused on retaining and attracting high-performing agents, especially in a challenging market environment [126][127] - Management acknowledged the uncertain macroeconomic conditions but highlighted the company's resilience and adaptability [54][93] Other Important Information - eXp's Net Promoter Score (NPS) increased to 76 in 2024, reflecting strong agent satisfaction [20][53] - The company issued 1.8 million shares to agents through its growth incentive program, valued at approximately $22 million [64] Q&A Session Summary Question: How is International different than domestic U.S. and Canada? - Management noted that International markets are at an earlier stage of development compared to the U.S. and Canada, with significant opportunities for growth [72][74] Question: What's your strategy to help eXp agents win in 2025? - The strategy involves continuing to enhance the value stack and focusing on operational excellence and technology partnerships [80][82] Question: How are you thinking about building on the progress made in 2024? - The focus will be on agent-based initiatives and investments, particularly in technology to drive long-term growth [95] Question: Can you provide context on agent count trends in 2025? - Management indicated that while total agent count is down, the number of productive agents has increased, and the focus will remain on attracting high-performing agents [121][125] Question: How do you view the timeline for new countries to become profitable? - Management expects it will take time to achieve profitability in new international markets, but several existing markets are already profitable [130][131] Question: Can you touch on the CoStar partnership for commercial brokerage? - The partnership with CoStar is aimed at enhancing the value proposition for commercial brokers, aligning with the company's overall strategy [133]
eXp World Holdings Reports Q4 and Full-Year 2024 Results
Globenewswire· 2025-02-20 21:15
BELLINGHAM, Wash., Feb. 20, 2025 (GLOBE NEWSWIRE) -- eXp World Holdings, Inc. (Nasdaq: EXPI), or the “Company”, the holding company for eXp Realty®, FrameVR.io and SUCCESS® Enterprises, today announced financial results for the fourth quarter and fiscal year ended Dec. 31, 2024. “At eXp, we redefine what’s possible in real estate, with our agent-centric platform offering unlimited growth opportunities for agents,” said Glenn Sanford, eXp World Holdings Founder, Chairman and CEO. “I’m especially proud that w ...
eXp(EXPI) - 2024 Q4 - Annual Report
2025-02-20 21:14
In UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________ to _________ Commission File Number: 001-38493 eXp World Holdings, Inc. (Exact name of registrant as specified in its charter) Delaware 98-0681092 (Sta ...
eXp(EXPI) - 2024 Q4 - Annual Results
2025-02-20 21:12
Exhibit 99.1 eXp World Holdings Reports Q4 and Full-Year 2024 Results BELLINGHAM, Wash. — Feb. 20, 2025 — eXp World Holdings, Inc. (Nasdaq: EXPI), or the "Company", the holding company for eXp Realty®, FrameVR.io and SUCCESS® Enterprises, today announced financial results for the fourth quarter and fiscal year ended Dec. 31, 2024. "At eXp, we redefine what's possible in real estate, with our agent-centric platform offering unlimited growth opportunities for agents," said Glenn Sanford, eXp World Holdings Fo ...
Sarasota's $150M Living Vogue Real Estate Firm Joins eXp Realty
Newsfilter· 2025-02-18 17:00
Luxury boutique brokerage moves 50 agents to the eXp Luxury division with plans to expand within eXp's innovative model BELLINGHAM, Wash., Feb. 18, 2025 (GLOBE NEWSWIRE) -- eXp Realty®, "the most agent-centric real estate brokerage on the planet™" and the core subsidiary of eXp World Holdings, Inc. (NASDAQ:EXPI), is proud to announce that Living Vogue Real Estate, one of Sarasota, Florida's most high-energy and stylish real estate firms, has joined eXp Realty. The firm generated $150 million in sales in 20 ...
The Way We Buy Homes in the U.S. Is Changing -- Here's What It Means to You
The Motley Fool· 2025-02-14 14:16
The relationship between buyers, agents, and homebuyers has changed forever. But has it really impacted the housing market?A recent legal settlement by the National Association of Realtors changed the way homebuyers and their agents work together. Although this is a major change, it's unclear how much of an impact it has had on the actual real estate market. In this clip, I ask eXp Realty (EXPI 2.18%) CEO Leo Pareja what he's seen in his massive organization.*Stock prices used were the morning prices of Feb ...
Will the U.S. Housing Market Finally Pick Up in 2025?
The Motley Fool· 2025-02-07 13:08
Real estate stocks would clearly do better in a more active market. But is that coming?The housing market in the United States has been agonizingly slow for several years, thanks to rising prices and high interest rates. In this clip, I sit down with eXp Realty (EXPI -0.45%) CEO Leo Pareja to discuss the current state of the real estate market and what he sees happening for the rest of 2025.*Stock prices used were the morning prices of Feb. 5, 2025. The video was published on Feb. 6, 2025. ...
eXp World Holdings to Announce Fourth Quarter and Full-Year 2024 Results on Feb. 20, 2025
Newsfilter· 2025-02-05 20:00
Management to discuss fourth quarter and full-year 2024 results and host investor Q&A at virtual event BELLINGHAM, Wash., Feb. 05, 2025 (GLOBE NEWSWIRE) -- eXp World Holdings, Inc. (NASDAQ:EXPI), the holding company for eXp Realty®, FrameVR.io and SUCCESS® Enterprises, today announced it expects to report its fourth quarter and full-year 2024 financial results on Thursday, Feb. 20, 2025. The Company will hold a virtual fireside chat and investor Q&A on Thursday, Feb. 20, 2025 at 2 p.m. PT / 5 p.m. ET host ...