Douglas Elliman Q1 revenue up 13.2% to $308.9M; net income falls to $6.5M

Douglas Elliman Inc.

2022-Q1 EPS reported $0.08 revenue$308,900,000

Revenue $308.9M (+13.2% YoY); gross transaction value $11.7B in brokerage segment.
Net income $6.5M ($0.08 diluted EPS) vs $14.0M ($0.18) in Q1 2021.
Operating income $7.9M vs $14.2M YoY, reflecting stand-alone public company expenses.
Adjusted EBITDA attributed to DOUG $12.7M vs $16.4M; brokerage segment adj. EBITDA $17.7M (+8%).
Real estate brokerage average price per transaction $1.62M for last twelve months.

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