Marcus & Millichap Q4 revenue down 47% YoY to $262M; EPS falls from $1.53 to $0.20

Marcus & Millichap, Inc.

2022-FY EPS reported $2.59 revenue$1,301,710,000

Q4 total revenue $262.4M (-47% YoY); net income $7.9M ($0.20 diluted EPS) vs $62.0M ($1.53).
Full year 2022 record revenue $1.30B (+0.4%); net income $104.2M ($2.59) down from $142.5M ($3.55).
Adjusted EBITDA Q4 $14.1M vs $88.2M; full year $165.5M vs $213.0M.
Semi-annual dividend declared: $0.25/sh payable Apr 6, 2023, record Mar 14.
CEO attributes drop to Fed tightening and expects choppy H1 2023 but long-term optimism.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Marcus & Millichap, Inc. reported the fourth quarter ended December 31, 2022 results: revenue $262.4 million, net income $7.9 million, EPS $0.20 per common share, diluted.

Period: the fourth quarter ended December 31, 2022
Revenue: $262.4 million
Net income: $7.9 million
EPS: $0.20 per common share, diluted
Result: reported results

Exact text from the filing

Total revenue was $262.4 million, compared to $495.1 million • Net income was $7.9 million, or $0.20 per common share, diluted, compared to $62.0 million, or $1.53 per common share, diluted

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Marcus & Millichap, Inc. reported the fiscal year ended December 31, 2022 results: revenue $1,301.7 million, net income $104.2 million, EPS $2.59 per common share, diluted.

Period: the fiscal year ended December 31, 2022
Revenue: $1,301.7 million
Net income: $104.2 million
EPS: $2.59 per common share, diluted
Result: reported results

Exact text from the filing

Total revenue was $1,301.7 million, compared to $1,296.4 million • Net income was $104.2 million, or $2.59 per common share, diluted, compared to $142.5 million, or $3.55 per common share, diluted

View on SEC.gov

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Source: SEC EDGAR

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