Redfin(US:RDFN)2022-05-06 21:08Q1 2022 Financial Highlights - Total revenue reached $597 million, a 123% year-over-year increase[10] - Real estate services revenue was $177 million, up 5% year-over-year[19] - Properties revenue surged to $380 million, a 310% year-over-year increase[24] - Gross margin was 12.1%, a decrease of 370 bps year-over-year[13] - Net loss amounted to $91 million[15] Key Metrics & Market Position - Average monthly visitors reached 51.3 million, an 11% increase compared to the prior year[8] - U S market share increased to 1 18%, a 2 bps year-over-year increase[8] Q2 2022 Outlook - The company projects total revenue between $613 million and $650 million, representing a year-over-year growth of 30% to 38%[41] - Real estate services revenue is expected to grow between -1% and 1% year-over-year[41] - Properties revenue is projected to grow between 48% and 63% year-over-year[41] - Net loss is anticipated to be between $60 million and $72 million[41]