earnings
confidence high
sentiment negative
materiality 0.85
Compass Q2 revenue $2.0B (+4% YoY); GAAP net loss $101M; $320M cost cuts; Q3 revenue guidance $1.4-1.5B
Compass, Inc.
2022-Q2 EPS reported
-$0.69
revenue$3,417,100,000
- Revenue $2.0B, up 4% YoY; GAAP net loss $101M vs $7M loss in 2Q21.
- Adjusted EBITDA fell to $4M from $71M; cash and cash equivalents $431M.
- New cost reduction program targeting ~$320M annual run rate savings, to complete by end of 2022.
- National market share LTM increased to 4.6% (revised NAR methodology); agents reached 12,979.
- Q3 2022 revenue guidance $1.4-1.5B; FY22 revenue guidance $6.15-6.45B; adjusted EBITDA negative.