Redfin (RDFN) Misses Q2 EPS by 11c, Offers Guidance

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Go back to Redfin (RDFN) Misses Q2 EPS by 11c, Offers Guidance

Redfin Reports Second Quarter 2022 Financial Results

August 4, 2022 4:01 PM EDT

SEATTLE--(BUSINESS WIRE)-- Redfin Corporation (NASDAQ: RDFN) today announced results for its second quarter ended June 30, 2022.

Second Quarter 2022

Second quarter revenue was $606.9 million, an increase of 29% compared to the second quarter of 2021. Gross profit was $118.0 million, a decrease of 6% year-over-year. Real estate services gross profit was $74.1 million, a decrease of 16% year-over-year, and real estate services gross margin was 29%, compared to 35% in the second quarter of 2021.

Net loss was $78.1 million, compared to a net loss of $27.9 million in the second quarter of 2021. Net loss attributable to common stock was $78.5 million.... More