The brokerage saw revenue fall 10 percent year over year, but also managed to cut net losses from $154 million in the third quarter of last year to $39 million this time around, according to a Q3 earnings call Monday.
Source: Inman News
Compass trims losses, improves cash flow despite Q3 revenue dip
Published in Brokerage, commission, compass, earnings, earnings season, Markets & Economy, national association of realtors, robert reffkin, Select, sitzer/burnett and Technology
More from BrokerageMore posts in Brokerage »
- The modern tech stack agents and brokerages need now: Streaming
- $1B Florida brokerage and former NFL prospect join Christie’s International Real Estate
- Here’s the essential reading on the Compass-Anywhere deal
- I’ve studied real estate marketing for 31 years. Here are 7 essentials for effective marketing campaigns
- Enduring elegance: Leadership lessons from Giorgio Armani
More from commissionMore posts in commission »
More from compassMore posts in compass »
More from earningsMore posts in earnings »
- RE/MAX stays profitable as US agent count, revenue decline
- Tech, scale and strategy fuel Q1 wins across real estate
- Blend seeks to sell Title365 as mortgage revenue shrinks in Q1
- Rocket says it could close Redfin acquisition as soon as this quarter
- Investors cheer as Guild grows Q1 mortgage originations by 35%
More from earnings seasonMore posts in earnings season »
- Brokerages draw private-listing dividing lines — and backdoor plans
- Elephant in the room: What execs revealed about commissions in Q4
- Will Q3 earnings keep real estate mired in a ‘Groundhog Day’ loop?
- In crucial Q2, real estate separated wheat from the chaff: Intel analysis
- CoStar posts profitable Q2 as real estate portals tally record traffic
More from Markets & EconomyMore posts in Markets & Economy »
More from national association of realtorsMore posts in national association of realtors »
- Democrats seek transparency into Fannie, Freddie ‘reprivatization’
- Here’s the essential reading on the Compass-Anywhere deal
- Is fall the new spring? Market winds may be shifting, NAR says
- Where the industry stands on the Compass-Anywhere deal: Top 5
- No filter: Your personal opinions on social media can get you fired
More from robert reffkinMore posts in robert reffkin »
- Here’s the essential reading on the Compass-Anywhere deal
- Where the industry stands on the Compass-Anywhere deal: Top 5
- Does the Compass-Anywhere deal set the stage for a private listings culture clash?
- Here’s why indies are stoked about the Compass-Anywhere deal
- Experts see Anywhere acquisition as bid to remake real estate in Compass’ image
More from SelectMore posts in Select »
- What real estate agents can learn from TikTok, Tylenol and Disney
- Democrats seek transparency into Fannie, Freddie ‘reprivatization’
- Former agent convicted of swindling woman out of her home
- Is fall the new spring? Market winds may be shifting, NAR says
- I’ve studied real estate marketing for 31 years. Here are 7 essentials for effective marketing campaigns
More from sitzer/burnettMore posts in sitzer/burnett »
- With an eye on future lawsuits, Compass formally repudiates CCP in letter to NAR and MLSs
- This June, Inman is celebrating Today’s Buyer Agent
- NAR considers Code of Ethics changes regarding speech
- NAR’s new law firm for antitrust suits charges up to $3K an hour
- Stephen Bough, commission lawsuit judge, refuses to step aside
More from TechnologyMore posts in Technology »
Be First to Comment