Record-Breaking Q3 Revenue and Growth
Compass delivered record third quarter market share, revenue, adjusted EBITDA, adjusted EBITDA margin, and free cash flow. Q3 revenue increased by 23.6% year-over-year, with organic revenue up 11%.
Strong Agent Recruitment and Retention
Compass achieved the best organic principal agent recruiting quarter in company history, adding 851 principal agents, with a retention rate of 97.3%.
Successful Integration and Synergies from Christie's Acquisition
The Christie's International Real Estate business outperformed expectations with a 1,000 basis point lift in attach rate and improved mortgage JV profitability.
AI Initiatives and Agent Productivity
Compass AI 2.0 testing showed promise in enhancing agent productivity and is expected to launch to all agents before the next earnings call.
Strong Free Cash Flow Generation
Generated $73.6 million in free cash flow in Q3, a record level for any third quarter period.