Marcus & Millichap(US:MMI)2020-11-09 20:26Financial Performance - Q3 2020 - Revenue for Q3 2020 was $158.6 million, a decrease of 20.0% year-over-year but an increase of 35.1% sequentially from Q2 2020[8] - Net income for Q3 2020 was $6.0 million, a decrease of 68.7% year-over-year[8] - Adjusted EBITDA for Q3 2020 was $12.2 million, a decrease of 56.1% year-over-year but an increase of 194.7% sequentially from Q2 2020[8] Financial Performance - Year-to-Date 2020 - Revenue for year-to-date 2020 was $466.7 million, a decrease of 17.9% year-over-year[11] - Net income for year-to-date 2020 was $19.2 million, a decrease of 65.8% year-over-year[11] - Adjusted EBITDA for year-to-date 2020 was $38.8 million, a decrease of 53.3% year-over-year[11] Brokerage Performance - Q3 2020 - Sales volume for Q3 2020 was $7.0 billion, a decrease of 26.9% year-over-year[13] - Transaction closings for Q3 2020 were 1,527, a decrease of 12.9% year-over-year[13] - Real estate brokerage commissions revenue for Q3 2020 was $140.8 million, a decrease of 21.8% year-over-year[13] Brokerage Performance - Year-to-Date 2020 - Sales volume for year-to-date 2020 was $20.9 billion, a decrease of 19.5% year-over-year[16] - Transaction closings for year-to-date 2020 were 4,217, a decrease of 15.5% year-over-year[16] - Real estate brokerage commissions revenue for year-to-date 2020 was $416.0 million, a decrease of 19.0% year-over-year[16] Financing Performance - Q3 2020 - Sales volume for financing in Q3 2020 was $1.7 billion, a decrease of 0.4% year-over-year but an increase of 47.0% sequentially from Q2 2020[19] - Financing fees revenue for Q3 2020 was $15.6 million, a decrease of 2.5% year-over-year but an increase of 23.0% sequentially from Q2 2020[19] Financing Performance - Year-to-Date 2020 - Sales volume for financing year-to-date 2020 was $4.6 billion, a decrease of 8.5% year-over-year[21] - Financing fees revenue for year-to-date 2020 was $43.7 million, a decrease of 8.0% year-over-year[21]