Exp World Holdin Stock Price, News & Analysis

eXp World Holdings (Nasdaq: EXPI) has unveiled updates to its metaverse platforms, Virbela and Frame, aimed at addressing workplace challenges. CEO Glenn Sanford noted that companies are focusing on efficiency and cost-cutting amid market shifts. The updates include a newly designed virtual campus in Virbela and enhanced features in Frame, such as support for 150 users and integration with Microsoft Teams. eXp Realty has grown to over 82,000 agents globally, significantly decreasing operating costs since adopting these platforms.

eXp World Holdings (Nasdaq: EXPI) announced the acquisition of Zoocasa Realty Inc., an innovative real estate platform, to enhance its online lead generation and home search capabilities in Canada. This strategic move aims to improve service offerings for agents and brokers through Zoocasa's comprehensive listings platform. The acquisition, pending customary approvals, is expected to close in July 2022. With nearly 12 million visits annually and a team of 150 agents, Zoocasa's integration is anticipated to significantly elevate eXp's market presence and operational efficiency.

eXp World Holdings, Inc. (Nasdaq: EXPI) has appointed Shoeb Ansari as Chief Information Officer and Leo Pareja as President of Affiliated Services. Shoeb brings extensive software development experience, previously serving as CTO at RealPage, while Leo has 20 years of real estate expertise and has co-founded major lending firms. The leadership changes align with eXp's strategic initiatives in technology and affiliated services, aiming to bolster growth and innovation in a cloud-based real estate model.

eXp Realty has successfully raised over $600,000 to construct 100 new homes in Morelos, Mexico, following a devastating earthquake in 2017. The initiative, in collaboration with nonprofit New Story, was matched by CEO Glenn Sanford's personal contribution of $300,000. From June 9-11, company leaders and a raffle-winning agent will visit the region to witness the project's impact. This effort aligns with eXp Realty's commitment to community-based culture and international expansion.

eXp World Holdings (Nasdaq: EXPI) announced participation in significant real estate events in Spain from May 25-27, 2022. Michael Valdes, President of eXp Global, will discuss metaverse opportunities at Inmociónate in Seville, while Renata Sutjo, International Broker of Record for eXp Spain, will join a panel at SIMAPRO in Madrid. These engagements are part of a European roadshow to promote eXp Realty, the world’s fastest-growing real estate company with over 81,000 agents across various countries.

eXp World Holdings, the parent company of eXp Realty, announced that its Founder, Chairman, and CEO Glenn Sanford will participate in a fireside chat alongside CFO Jeff Whiteside at the Jefferies Internet Summit on May 31, 2022, at 10 a.m. ET. The discussion, moderated by Jefferies equity research analyst John Colantuoni, will offer insights into the company’s growth and future plans. With over 81,000 agents globally, eXp Realty continues to expand and innovate in the real estate market, leveraging technology and providing equity opportunities for its professionals.

BELLINGHAM, Wash., May 10, 2022 — eXp World Holdings (Nasdaq: EXPI) announced participation in the 2nd Annual BTIG Housing Ecosystem Conference on May 10-11, 2022, in New York City. Key executives, including CFO Jeff Whiteside, CEO Jason Gesing, and President Michael Valdes, will hold one-on-one meetings on May 11. eXp Realty is recognized as the fastest-growing real estate company globally, boasting over 80,000 agents across multiple countries. The firm provides innovative brokerage solutions and equity awards for agents, fostering growth and productivity through its cloud-based platform, Virbela.

eXp Realty, a leading global real estate brokerage, has expanded its operations into New Zealand, now operating in 21 markets with over 80,000 agents worldwide. This launch enhances eXp's presence in the Asia Pacific region, complementing existing operations in Australia, India, and Hong Kong. Maria Stephens, with over 12 years of experience, will lead the New Zealand operations. eXp Realty's model offers agents an attractive commission structure, equity opportunities, and a cloud-based platform powered by Virbela, facilitating effective collaboration.

eXp World Holdings (Nasdaq: EXPI) reported a 73% revenue increase in Q1 2022, reaching $1.0 billion, driven by a 55% growth in agent count, totaling 78,196 agents. Net income rose 83% to $8.9 million, bolstered by a $5.1 million tax benefit. The company announced a $0.04 cash dividend for Q2 2022 and boosted its stock repurchase program to $20 million/month and $500 million total. eXp Realty expanded into the Dominican Republic and Greece, aiming for over 100,000 agents globally by year-end.