Redfin (RDFN) Tops Q4 EPS by 48c, Revenues Beats; Guides Above Views

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Go back to Redfin (RDFN) Tops Q4 EPS by 48c, Revenues Beats; Guides Above Views

Redfin Reports Fourth Quarter and Full Year 2022 Financial Results

February 16, 2023 4:01 PM EST

SEATTLE--(BUSINESS WIRE)-- Redfin Corporation (NASDAQ: RDFN) today announced results for its fourth quarter and full year ended December 31, 2022.

Fourth Quarter 2022

Fourth quarter revenue was $479.7 million, a decrease of 25% compared to the fourth quarter of 2021. Gross profit was $37.4 million, a decrease of 65% year-over-year. Real estate services gross profit was $26.3 million, a decrease of 65% year-over-year, and real estate services gross margin was 18%, compared to 33% in the fourth quarter of 2021.

Net loss was $61.9 million, compared to a net loss of $27.0 million in the fourth quarter of 2021. Net loss attributable to... More