**eXp World Holdings Q3 2024 Earnings Call**

You need 2 min read Post on Oct 25, 2024
**eXp World Holdings Q3 2024 Earnings Call**
**eXp World Holdings Q3 2024 Earnings Call**

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eXp World Holdings: Q3 2024 Earnings Call - A Mixed Bag

eXp World Holdings, the real estate behemoth that's built on the cloud, just dropped its Q3 2024 earnings report. And, let's be honest, it was a bit of a rollercoaster ride. The stock price dipped a bit after the call, but there were some good nuggets to unpack.

The Good, the Bad, and the Ugly

The Good: eXp's revenue continued its climb, hitting $3.4 billion for the quarter. That's a pretty decent increase compared to the previous year. Plus, the company reported a net income of $42 million, which is a pretty solid number considering the recent market volatility.

The Bad: Here's where things get a little dicey. eXp's adjusted EBITDA (earnings before interest, taxes, depreciation, and amortization) took a bit of a hit, coming in at $75 million, down from $108 million in the previous year. This is a signal that the company's expenses might be getting a bit out of control.

The Ugly: The real estate market itself is a little on edge right now. Interest rates are still high, and we're all kinda holding our breath to see what happens next. This uncertainty is definitely putting pressure on eXp and the entire industry.

What's the Big Takeaway?

Despite the dip in the stock price, eXp World Holdings is still a major player in the real estate world. Their cloud-based platform is super innovative, and they're attracting top agents. But, they've gotta keep a close eye on those expenses and be prepared to navigate the choppy waters of the current market.

What Happens Next?

The real estate market is gonna keep being a wild ride for a while. eXp will need to be agile and adapt to the changing landscape to keep things moving in the right direction. We'll be watching closely to see how they do it.

**eXp World Holdings Q3 2024 Earnings Call**
**eXp World Holdings Q3 2024 Earnings Call**

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