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eXp World Holdings Reports Record $1.2 Billion Revenue for Q3 2022

Nov 27, 2022
exp world holdings q3 2022 report

eXp World Holdings has announced yet another record-breaking third quarter for 2022, with an impressive 12% revenue increase to $1.2 billion.

eXp is truly the future of real estate and continues to outperform the competition time and time again. Need proof? Here's a quick recap of eXp World Holding's Q3 2022 financial report:
  • Agent growth of 30%
  • Gross profit increased 17% to $93.1 million
  • Net income of $4.4 million
  • Adjusted EBITDA of $12.3 million
As stated by Glenn Sanford, Founder, Chairman and CEO of eXp World Holdings, “We continue to grow revenue and gain market share despite an increasingly challenging market. The third quarter reflects eXp’s resilient model and ability to grow through any market. We continued to strengthen our agent value proposition with new services, including Revenos and eXp Luxury as well as initiatives led by SUCCESS®, SUCCESS Health™ and SUCCESS Coaching™.”
 
Sanford continued, “Our scale enables us to provide a differentiated platform for agents with the extensive resources and tools they need to be successful, both professionally and personally. eXp continues to be an attractive model for leading teams and independent brokerages and we were pleased to welcome several during the quarter, helping drive agent count to over 85,000 today.”
 
Jeff Whiteside, CFO and Chief Collaboration Officer of eXp World Holdings, also commented on the recent success, stating, “eXp delivered a record third quarter with 12% revenue growth and continued to deliver positive cash flow and earnings, reflecting the agility of our business model. We continue to gain market share and drive growth while focusing on increasing operating efficiencies for our business and our agents. Our industry-leading efficiency enables us to be the most agent-centric brokerage on the planet and positions us to increase our market leadership in a changing landscape. As we head into a seasonally slower quarter, we remain confident in our ability to deliver market share growth over the long term.”
 
eXp is an agent-owned, forward-thinking company - we can't speak highly enough of how much they've done for our agents, their families, and our teams. What has your brokerage done for you lately?
 
Thinking of joining or want to learn more about eXp Realty? Contact us for a private conversation!

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