eXp World Holdings Inc (MEX:EXPI)
MXN 288 (0%) Market Cap: 31.68 Bil Enterprise Value: 29.66 Bil PE Ratio: 0 PB Ratio: 8.14 GF Score: 72/100
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Q4 2024 eXp World Holdings Inc Earnings Call Transcript

Feb 20, 2025 / 10:00 PM GMT
Release Date Price: MXN288

Key Points

Positve
  • eXp World Holdings Inc (EXPI) reported a 7% increase in revenue for 2024, reaching $4.6 billion, showcasing the strength and resilience of its business model.
  • International revenues grew significantly by 63% over 2023, with a 72% increase in the fourth quarter alone, highlighting the company's successful global expansion efforts.
  • The company maintained a strong agent net promoter score of 77, indicating high satisfaction and loyalty among its agent community.
  • eXp World Holdings Inc (EXPI) achieved an adjusted EBITDA of $75.5 million for 2024, representing a 16% increase year over year, demonstrating effective cost management and operational efficiency.
  • The company continues to expand its international presence, with plans to open in additional countries such as Turkey, Peru, and Egypt, enhancing its global footprint and growth potential.
Negative
  • eXp World Holdings Inc (EXPI) reported a net loss from continued operations of $16.8 million for 2024, indicating challenges in achieving profitability.
  • The company faced a $34 million litigation contingency and a $4.9 million impairment charge, impacting its financial performance.
  • Despite revenue growth, the macroeconomic environment remains challenging, with high interest rates affecting the housing market.
  • The company's total agent count decreased year over year, although it focused on retaining more productive agents.
  • International expansion, while promising, involves significant costs and infrastructure investments, which may delay overall profitability in new markets.


Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

EXPI.OQ - eXp World Holdings Inc
Q4 2024 eXp World Holdings Inc Earnings Call
Feb 20, 2025 / 10:00PM GMT

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Presentation
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Unidentified_1 [1]
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Hello and welcome.

To the EXP World Holdings 4th quarter and full year 2024 earnings fireside chat via live stream and our metaverse on the web frame.

My name is Denise Garcia, and I manage investor relations for EXP World Holdings. Today we will begin our earnings fireside chat with remarks from Glenn Sanford, founder, Chairman and CEO of EXP World Holdings, Leo Pereja, CEO of EXP Realty, Spring Benson, CEO of Utah Life Real Estate Group, Wendy Forsyth, CMO of EXP Realty, and Kent Chang, principal financial officer and Chief Accounting Officer at EXP World Holdings.

Following our prepared remarks, we will open the call to Q&A session with our speakers, but let's begin with a review of the forward
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