Strong Revenue and Earnings Growth
Revenue for Q1 2025 was $1.2 billion, up 7% versus the prior year, and operating EBITDA increased by $12 million or 92% compared to the prior year, driven by higher transaction volume and cost savings.
Luxury Segment Leadership
Luxury volume was up 16% year-over-year, with luxury listings increasing 12% year-over-year. The company sold 345 homes priced over $10 million, nearly doubling Q1 2024 results.
Cost Savings Initiatives
Delivered $14 million in cost savings in Q1 and targeting $100 million in savings for 2025, with 85% of savings already identified.
Agent and Franchisee Growth
The company recruited 650 producing agents, achieving 30% year-over-year growth. Welcomed 11 new U.S. franchisees and added new international franchisees.
Technological Advancements
Accelerated AI agenda, using generative AI to improve operations, enhance customer experience, and reduce costs.