Redfin posted double-digit revenue growth for Q4 and FY 24 on Thursday. The company’s $100 million Zillow rental syndication deal has opened the door for greater advertising spend, CEO Glenn Kelman said.
Source: Inman News
Redfin on the upswing after Zillow deal despite widening Q4 losses
Published in advertising, Agent Attrition, Chris Nielsen, Commission-based Payment Model, demand, Demand Increase, glenn kelman, Gross Margin, Gross Profits, inman, market share, Markets & Economy, nashville, Partnership, portals, Real Estate Services, Redfin, Rental Partnerships, residential real estate, revenue growth, seattle, Select and Zillow
More from advertisingMore posts in advertising »
More from Chris NielsenMore posts in Chris Nielsen »
More from Commission-based Payment ModelMore posts in Commission-based Payment Model »
More from demandMore posts in demand »
- As homebuyers gain leverage, sellers get cold feet. Is it happening near you?
- Track your housing market in detail with these 2 new interactive tools
- Inman Market View: Peer deep inside the inventory realignment
- Inman Market View: See how your local real estate data stacks up
- Weak demand drives up share of homesellers cutting prices
More from glenn kelmanMore posts in glenn kelman »
- Mr. Cooper shareholders approve merger with Rocket Companies
- Here’s the last look at Redfin’s finances as an independent company
- Real estate CEOs sound off on CCP, M&A, being No. 1: The Download
- Rocket seeing ‘awesome early data’ from Redfin acquisition
- Redfin’s Glenn Kelman spills details on bittersweet transition to Rocket
More from inmanMore posts in inman »
- The death of old-school SEO, and what it means for real estate
- Cloze’s MAIA is smart, task-driven and enterprise-ready: Tech Review
- 7 AI tips for real estate agents from a tech insider
- Zillow released its price forecast for hundreds of US markets. What will happen near you?
- Don’t just read the news. Be part of the story with Inman’s Tip Line
More from market shareMore posts in market share »
More from Markets & EconomyMore posts in Markets & Economy »
More from nashvilleMore posts in nashville »
- This real estate agent faked it ’til she made it. Social media paved the way
- Here are the markets where homebuyers have the upper hand
- HGTV who? TikTok, not reality TV, took this broker’s business to another level
- It’s a higher-for-longer world, and we’re just living in it: Economist
- Waning buyer activity pushes home price growth to 2-year low
More from PartnershipMore posts in Partnership »
- LoanDepot partners with factory homebuilder Onx Homes
- Ally Financial’s exit from mortgage will impact Better, HouseCanary
- Ben Kinney’s 10 keys for being an amazing partner
- Big Keller Williams franchise group launches mortgage JV with Newrez
- Cordless Media ads on MLSs will provide real-time mortgage rates
More from portalsMore posts in portals »
- Don’t just read the news. Be part of the story with Inman’s Tip Line
- Attorneys general pile onto Zillow-Redfin following FTC rental suit
- FTC sues Zillow: A wake-up call for real estate agents and brokers
- FTC sues Zillow, Redfin over $100M rental syndication deal
- Zillow bashes CoStar in request to transfer lawsuit
More from Real Estate ServicesMore posts in Real Estate Services »
More from RedfinMore posts in Redfin »
More from residential real estateMore posts in residential real estate »
- Anywhere: The rise and fall of an industry giant
- How the ‘bro climate’ is failing new real estate agents and their clients
- Hopeful but wary, agents report slippage in listing pipelines: Intel
- In an uncertain market, Inman Connect New York offers solutions
- Does the Compass-Anywhere deal set the stage for a private listings culture clash?
More from revenue growthMore posts in revenue growth »
More from seattleMore posts in seattle »
- Attorneys general pile onto Zillow-Redfin following FTC rental suit
- Zillow bashes CoStar in request to transfer lawsuit
- Is the mortgage lock-in effect ending? These numbers offer clues
- Closing is the lifetime launchpad for client follow-up: Step 8
- The modern tech stack agents and brokerages need now: Streaming
More from SelectMore posts in Select »
- The death of old-school SEO, and what it means for real estate
- Credit bureaus slam plan to cut them out of FICO score pricing
- Forget private marketplaces, Colorado brokers launch full-transparency offensive
- Cloze’s MAIA is smart, task-driven and enterprise-ready: Tech Review
- Lesson Learned: Luxury isn’t price, it’s experience
More from ZillowMore posts in Zillow »
- The death of old-school SEO, and what it means for real estate
- Zillow released its price forecast for hundreds of US markets. What will happen near you?
- Attorneys general pile onto Zillow-Redfin following FTC rental suit
- FTC sues Zillow: A wake-up call for real estate agents and brokers
- FTC sues Zillow, Redfin over $100M rental syndication deal
Be First to Comment