Overview

* eXp World Holdings ( EXPI ) Q3 revenue rises 7% to $1.3 bln, beating analyst expectations

* Adjusted EBITDA for Q3 beats estimates, indicating strong operational performance

* Company repurchased $16.4 mln in common stock, reflecting shareholder value commitment

Result Drivers

* AGENT GROWTH - CEO Leo Pareja attributes higher revenue and profitability to continued momentum in agent growth, productivity, and retention

* TECHNOLOGY INNOVATION - Co leverages AI to enhance speed, agility, and differentiation in the real estate landscape, per CEO Glenn Sanford

* AGENT-FIRST CULTURE - eXp's agent-first culture attracts and empowers top agents, driving overall performance

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Beat $1.32 $1.24

Revenue bln bln (2

Analysts

)

Q3 EPS $0.02

Q3 Net $3.50

Income mln

Q3 Beat $17.70 $16.20

Adjusted mln mln (2

EBITDA Analysts

)

Q3 $0.05

Dividend

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 1 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the real estate services peer group is "buy"

* Wall Street's median 12-month price target for eXp World Holdings Inc ( EXPI ) is $12.00, about 16.2% above its November 5 closing price of $10.05

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)