Real Brokerage reports Q4 EPS (7c), consensus (4c)

Reports Q4 revenue $181.341M, consensus 161.16M. “Real delivered another record year in 2023, despite a challenging industry backdrop. Our performance both in the quarter and for the full year is a testament to our unique agent value proposition, our scalable technology platform, and our efficient operating model,” said Tamir Poleg, Real’s Chairman and Chief Executive Officer. “Our differentiated technology and service offering continues to empower agents to grow their businesses against the odds, while improving the experience for home buyers and sellers. Looking forward, we’re excited to continue leading the industry with cutting-edge innovations, including the One Real consumer-facing app and the Real Wallet financial ecosystem, which were designed to enhance the Real experience for agents and their clients.” “We are thrilled by the momentum we’re seeing across our agent base, which has now reached the 16,000 agent milestone. This achievement is a clear indication of the attractiveness of Real’s platform, and our unique, collaborative culture. With the formal launch of our Private Label and ProTeams programs in January, it is now easier than ever for independent brokerages and teams to join Real – and experience all of the benefits associated with being a part of the fastest-growing, publicly traded brokerage firm,” said Sharran Srivatsaa, President of Real. “Real achieved significant growth in Revenue, Gross profit, and Adjusted EBITDA in 2023, underscoring the strength and scalability of our business model,” said Michelle Ressler, Real’s Chief Financial Officer. “We look forward to building on this progress and delivering year-over-year growth across each of these metrics in 2024.”