Redfin Revenue Rises, EPS Lags Behind

Redfin (NASDAQ:RDFN), a technology-centered real estate brokerage, released its earnings for the fourth quarter of 2024 on Feb. 27, 2025. Significant revenue growth was the highlight, reaching $244.3 million, which outpaced analyst expectations of $242 million, and marked a 12.0% increase compared to the same quarter the previous year. However, the company reported a GAAP EPS of -$0.29, which underperformed against the estimate of -$0.24, indicating continued operational challenges. Overall, the quarter showed mixed results, with revenue strength but persistent issues in maintaining profitability.Source: Analyst estimates provided by FactSet. Management expectations based on management's guidance, as provided in 2024-11-07 earnings report.Redfin is known for its approach to real estate brokerage, leveraging technology to enhance the buying and selling experience. The company's key differentiator is its reduced commission model. This pricing strategy appeals to cost-sensitive consumers, helping Redfin attract a substantial customer base.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool