Redfin(US:RDFN)2022-02-17 21:30Q4 2021 Highlights - Redfin reached a market share of 1.15%, an increase of 11 basis points year-over-year[9] - The company's average monthly visitors reached 447 million, a 1% increase compared to the prior year[9] - Redfin is on track to launch rental listings on Redfincom in March 2022[9] - In January 2022, Redfin announced an agreement to acquire Bay Equity[9] Q4 2021 Financial Results - Total revenue for Q4 2021 was $643 million, a 163% increase year-over-year[11] - Real estate services revenue in Q4 2021 reached $225 million, a 14% increase year-over-year[19] - Properties revenue for Q4 2021 was $377 million, an 857% increase year-over-year[24] - The gross margin for Q4 2021 was 168%, a decrease of 1600 basis points year-over-year[13] - The company reported a net loss of $270 million for Q4 2021[15] Q1 2022 Outlook - The company anticipates total revenue between $535 million and $560 million, representing year-over-year growth between 99% and 109%[39] - Real estate services revenue is projected to be between $165 million and $171 million, indicating year-over-year growth between (2)% and 1%[39] - Properties revenue is expected to range from $330 million to $350 million, reflecting year-over-year growth between 256% and 277%[39]