Reports Q1 revenue $221M, consensus $220.89M. “Redfin (RDFN) profits were at the high end of the guidance we gave investors in our last earnings call,” said Redfin CEO Glenn Kelman. “The number of Redfin lead agents increased 32% year on year, and loyalty sales increased 40% year on year, thanks to our new plan to pay agents entirely on commission. And since the March 10th announcement of Redfin’s agreement to be bought by Rocket, many Redfin employees, from agents to engineers, have been over the moon about Rocket’s vision of a home-ownership platform. We can’t wait to join Rocket and build the future of homeownership.”
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