eXp World Holdings Second-Quarter 2019 Revenue Up 104% to Record $267 Million

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eXp World Holdings Inc. (EXPI) Misses Q2 EPS by 3c, Revenues Beat

August 8, 2019 9:03 AM EDT

eXp World Holdings Inc. (NASDAQ: EXPI) reported Q2 EPS of ($0.04), $0.03 worse than the analyst estimate of ($0.01). Revenue for the quarter came in at $266.7 million versus the consensus estimate of $262.26 million.

The second quarter of 2019 was highlighted by the continued growth and productivity by agents in our cloud-based brokerage, said Glenn Sanford, CEO, Chairman and Founder of eXp World Holdings. We grew revenues 104% to a record $267 million in the second quarter, which was driven by a record number of transactions and agents at eXp Realty.

We consistently strive to ensure eXp is the most agent-centric... More