Exp World Holdin Stock Price, News & Analysis

eXp Realty successfully concluded its largest annual event, EXPCON 2021, with over 8,500 attendees, combining in-person and virtual participation. The event showcased prominent industry speakers, including Venus Williams and Grant Cardone, focusing on agent growth and development.

Notably, eXp agents earned $48.7 million in revenue share for Q3 2021, a 72% increase from Q3 2020, bringing year-to-date revenues to $124.3 million, marking a 90% increase overall.

eXp World Holdings (EXPI) reported Q3 2021 results with revenue soaring 97% year-over-year to a record $1.1 billion, attributed to an 82% increase in agent growth. Gross profit rose 70% to $79.5 million, while net income increased by 60% to $23.8 million. The company declared a Q4 cash dividend of $0.04 per share, payable on Nov. 29, 2021. eXp Realty expanded its agent count to 65,269 and completed 130,029 residential transactions, marking a 72% increase. The firm also established a new residential lending joint venture and expanded into Panama and Germany.

eXp Realty has been honored as the 2021 Inman Innovator Brokerage of the Year at the Inman Connect conference in Las Vegas. This recognition highlights eXp's commitment to technology and its unique business model, which focuses on enhancing productivity and transparency for real estate professionals and consumers. The firm, part of eXp World Holdings (Nasdaq: EXPI), has over 67,000 agents globally and continues to innovate with projects like the eXp Innovation Hub and a new joint venture with Kind Lending to improve real estate experiences.

eXp Realty, part of eXp World Holdings (Nasdaq: EXPI), is excited to host its 12th annual EXPCON event in Las Vegas from Nov. 9-11, 2021. Esteemed guests include tennis champion Venus Williams, Emmy winner Mario Lopez, and entrepreneurs Glenn Stearns and Grant Cardone. The event will focus on education, networking, and insights from top-producing agents. Participants can attend in person or virtually via eXp World. Additional highlights include a partnership with New Story and a live DJ set by DJ Jazzy Jeff.

eXp World Holdings (Nasdaq: EXPI) will report its Q3 2021 financial results on November 3, 2021, before market open. A virtual investor Q&A will follow at 8:30 a.m. PT, featuring CEO Glenn Sanford and others. Investors can join the discussion to learn about the company and its offerings, including its rapid growth with over 66,000 agents globally. eXp World Holdings is recognized as one of the fastest-growing real estate tech firms, providing innovative brokerage and tech solutions through a cloud-based model.

eXp World Holdings CEO Glenn Sanford has announced a partnership with New Story to build 100 homes in Morelos, Mexico, following a devastating earthquake. eXp Realty aims to raise $600,000, with Sanford personally matching up to $300,000 in contributions. Each home will cost around $6,000, funded entirely by donations, ensuring local workers and materials are used. This initiative underscores eXp's commitment to social responsibility and community support, especially in regions still recovering from disasters.

eXp World Holdings (Nasdaq: EXPI) announced participation in two virtual conferences: the 20th Annual D.A. Davidson Software & Internet Conference on September 9, 2021, and the Zelman & Associates 2021 Housing Summit on September 21, 2021. Glenn Sanford, Founder, CEO, and Jeff Whiteside, CFO, will engage in one-on-one meetings and a fireside chat moderated by D.A. Davidson's Tom White.

With over 63,000 agents globally, eXp Realty is recognized as a leading real estate tech company. For details on the events, registration is required.

eXp World Holdings has expanded its operations by launching eXp Germany, marking its presence in 18 countries with over 62,000 agents globally. This move comes in response to significant growth in the EMEA region, particularly targeting Germany, which is the fourth-largest economy and a key player in the real estate market. The opening is part of eXp's strategy to enhance its international footprint and leverage its innovative cloud-based real estate platform to attract agents. Michael Valdes is leading this expansion, aiming for continued growth in global markets.

BELLINGHAM, Wash., Aug. 26, 2021 – A new study by eXp Realty and The Center for Generational Kinetics highlights key trends in homebuying post-pandemic. The study found that 73% of participants view homeownership as increasingly vital, and 80% are willing to sacrifice luxuries like gourmet coffee for a better home. Millennials particularly value homeownership, with 80% stating it is now more important to them. Key findings emphasize the importance of tech-savvy real estate agents, with 86% ranking them highly in the homebuying process.