Douglas Elliman Q3 net loss $4.0M; revenue $272.6M, down 23% YoY

Douglas Elliman Inc.

2022-Q3 EPS reported $0.16 revenue$945,847,000

Consolidated revenues $272.6M, down from $354.2M in Q3 2021; operating loss of $5.2M vs income $25.5M.
Net loss $4.0M ($0.05 diluted loss per share) vs net income $25.2M ($0.32 EPS) a year ago.
Real estate brokerage gross transaction value $11.0B vs $13.4B; avg price per deal $1.530M.
Adjusted EBITDA attributed to Douglas Elliman fell to $124K from $27.8M in prior-year quarter.
CEO says higher mortgage rates and limited inventory challenged Q3 but remains optimistic long-term.

item 2.02 item 7.01 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.85

Douglas Elliman Inc. reported financial results for three and nine months ended September 30, 2022.

Period: three and nine months ended September 30, 2022
Result: reported results

Exact text from the filing

On November 3, 2022, Douglas Elliman Inc. (NYSE:DOUG) (the “Company” or “Douglas Elliman”) announced its financial results for the three and nine months ended September 30, 2022.

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Source: SEC EDGAR

accession 0001878897-22-000043

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