Redfin ( (RDFN) ) has released its Q4 earnings. Here is a breakdown of the information Redfin presented to its investors.
Redfin Corporation is a technology-powered real estate company that offers brokerage, rentals, lending, and title insurance services, known for its top-ranked real estate brokerage site in the U.S. In its latest earnings report, Redfin announced a 12% increase in fourth-quarter revenue to $244.3 million and a 7% rise in full-year revenue to $1.043 billion for 2024. Despite these gains, the company reported a net loss of $36.4 million for the fourth quarter and $164.8 million for the full year, reflecting increased expenses and strategic investments. Key highlights include a 25% increase in the agent census and a successful partnership with Zillow, which is expected to enhance traffic and demand for Redfin’s services. Looking ahead, Redfin anticipates improved real estate services gross margins throughout 2025, supported by increased demand and strategic partnerships, setting the stage for potential profitability in the coming year.