Real Brokerage reports Q1 EPS (9c), consensus (4c)

Reports Q1 revenue $200.74M, consensus $165.26M. “Real delivered exceptional results in what is traditionally the lowest revenue quarter of the year, while setting a new quarterly record for net agent additions, which surpassed 3,000. This performance clearly demonstrates the strong appeal of our agent value proposition in the marketplace,” said Tamir Poleg, Real’s Chairman and Chief Executive Officer. “Despite higher interest rates and tight inventory impacting overall housing market activity, our strong start to 2024 and our robust transaction pipeline – currently at an all-time high – position Real well for continued significant revenue growth and improved profitability, irrespective of how the end market recovers.”