Revenue Growth
For the first 9 months of 2025, revenues increased by 5% year-over-year to $787.6 million.
Reduction in Operating Loss
Operating loss reduced to $21.5 million from $52.6 million compared to the same period last year.
Profitability Improvements
Adjusted EBITDA for the third quarter increased to $2.7 million from $2.3 million in the prior year period.
International Expansion
Expansion into France and Monaco, with plans to expand further into Paris and the French Alps.
Sale of Property Management Division
Sale for $85 million, expected after-tax gain of approximately $75 million, eliminating operational complexity.
Launch of AI and Technology Initiatives
Introduction of Elli AI and an AI-powered home discovery tool to enhance agent capabilities and client services.
Strong Luxury Market Performance
Average price per transaction rose to $1.87 million from $1.68 million, with significant increases in sales of homes priced over $5 million and $10 million.