Redfin Reports First Quarter 2024 Financial Results [Yahoo! Finance]
Redfin Corporation (RDFN)
Last redfin corporation earnings: 2/12 04:01 pm
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US:NASDAQ Investor Relations:
investors.redfin.com/investor-relations
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Source: Yahoo! Finance
First Quarter 2024 First quarter revenue was $225.5 million, an increase of 5% compared to the first quarter of 2023. Gross profit was $70.8 million, an increase of 22% year-over-year. Real estate services gross profit was $20.3 million, an increase of 28% year-over-year, and real estate services gross margin was 15%, compared to 12% in the first quarter of 2023. Net loss was $66.8 million, compared to a net loss of $60.8 million in the first quarter of 2023. Net loss attributable to common stock was $67.0 million. Net loss per share attributable to common stock, diluted, was $0.57, compared to net loss per share, diluted, of $0.55 in the first quarter of 2023. Adjusted EBITDA loss was $27.6 million, compared to adjusted EBITDA loss of $63.6 million in the first quarter of 2023. "Market conditions recently got worse, but Redfin got better in the first quarter of 2024," said Redfin CEO Glenn Kelman. "Each of our business segments performed at the top of the range we set last q
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RDFN
News
- Redfin Reports the Median U.S. Home Price Hit an All-Time High of $434,000 in AprilBusiness Wire
- Redfin Expands Redfin Next Agent Pay Plan to 25 Additional MarketsBusiness Wire
- Redfin Report: The Sun Belt Is Seeing Some of the Biggest Rent Declines in AmericaBusiness Wire
- Redfin Co. (NASDAQ: RDFN) had its "hold" rating re-affirmed by analysts at Needham & Company LLC.MarketBeat
- Redfin Reports Mortgage Rates Dip Below 7% For First Time in 5 Weeks, Giving Buyers Some Much-Needed ReliefBusiness Wire
RDFN
Earnings
- 5/7/24 - Beat
RDFN
Sec Filings
- 5/16/24 - Form 4
- 5/7/24 - Form 10-Q
- 5/7/24 - Form 8-K
- RDFN's page on the SEC website