other material
confidence high
sentiment positive
materiality 0.70
Compass raises Q4 and full-year 2024 guidance on revenue and Adjusted EBITDA; expects record free cash flow
Compass, Inc.
- Q4 2024 revenue now expected $1.36B–$1.39B (up from $1.225B–$1.325B prior range).
- Full-year 2024 revenue now expected $5.61B–$5.64B (up from $5.47B–$5.57B).
- Q4 2024 Adjusted EBITDA raised to $15M–$18M from $0–$10M; full-year to $124M–$127M from $109M–$119M.
- Q4 organic agent recruiting exceeded 650 principal agents, a 50% improvement year-over-year.
- Company reiterates positive free cash flow for full year 2024; expects non-GAAP OPEX slightly below prior $876M–$896M range.