Douglas Elliman reports Q1 EPS (3c) vs. (28c) last year

Reports Q1 revenue $253.4M vs. $200.2M last year. “Our performance in the first quarter highlights the strength of our luxury brand and the incredible efforts of our agents, employees and leadership team,” said Michael S. Liebowitz, Chief Executive Officer of Douglas Elliman (DOUG) Inc. “By focusing on high-impact areas like Development Marketing, we’re driving growth and reinforcing our position as the leader in the luxury market – delivering our highest first-quarter revenue since 2022 with significant reductions in operating losses. We are optimistic about our trajectory and we are committed to staying nimble in our core business. With our strong balance sheet as well as continued investment in the agent experience and new technologies, I am confident that we will continue to build long-term growth and enhance stockholder value.”