Redfin’s Q4 Revenue Drops By 25 Percent
Gross profit was $37.4 million, a decrease of 65 percent year-over-year
Gross profit was $37.4 million, a decrease of 65 percent year-over-year
The company brought in $435 million in revenue during the fourth quarter of last year, down 19 percent from Q4 ...
The company generated $8.4 billion in revenue last year—a 40 percent increase over 2021
Total operating expenses were $83.7 million for the third quarter of 2022, a decrease of $44.9 million, or 34.9 percent
The company also reported a net loss of $154 million, up from a loss of $100 million last year
Net loss was $90.2 million, compared to a net loss of $18.9 million in the third quarter of 2021
The mortgage company saw third-quarter mortgage originations equal $25.6 billion
Agents wrote contracts with volume of $414.7 billion, down 4.7 percent over the same period of 2021
Revenue did increase 48 percent year-over-year to $3.4 billion
Q3 net loss was $80.0 million compared to $15.3 million one year ago
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