Douglas Elliman Q2 2023 net loss $5.2M; revenue down 24% YoY, GTV falls to $9.9B

Douglas Elliman Inc.

2023-Q2 EPS reported -$0.28 revenue$489,894,000

Consolidated revenue $275.9M, down 24% YoY; operating loss $8.3M vs income $14.6M a year ago.
Net loss attributed to DOUG $5.2M ($0.06 diluted EPS) vs net income $10.2M ($0.12) in Q2 2022.
Real estate brokerage segment GTV $9.9B, down from $13.6B; average price per transaction $1.64M.
Adjusted EBITDA loss $2.6M, down from income $19.2M; H1 2023 net loss $22.8M vs prior year profit.
Chairman cites limited inventory and higher mortgage rates as headwinds; balance sheet remains strong.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 1.0

Douglas Elliman Inc. reported the six months ended June 30, 2023 results: revenue $489.9 million, net income $22.8 million, EPS $0.28 per diluted common share.

Period: the six months ended June 30, 2023
Revenue: $489.9 million
Net income: $22.8 million
EPS: $0.28 per diluted common share
Result: reported results

Exact text from the filing

to Douglas Elliman’s real estate brokerage segment of $2.5 million, compared to $24.4 million in the prior year quarter First Half 2023 Highlights: • Consolidated revenues of $489.9 million, compared to $673.3 million in the prior year period ◦ Douglas Elliman’s real estate brokerage segment achieved gross transaction value of approximately $17.2 billion, compared

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Earnings Releases SEC 8-K Item 2.02 confidence 1.0

Douglas Elliman Inc. reported the three months ended June 30, 2023 results: revenue $275.9 million, net income $5.2 million, EPS $0.06 per diluted common share.

Period: the three months ended June 30, 2023
Revenue: $275.9 million
Net income: $5.2 million
EPS: $0.06 per diluted common share
Result: reported results

Exact text from the filing

Kirkland III, Douglas Elliman Inc. 305-579-8000 DOUGLAS ELLIMAN INC. REPORTS SECOND QUARTER 2023 FINANCIAL RESULTS Second Quarter 2023 Highlights: • Consolidated revenues of $275.9 million compared to $364.4 million in the prior year quarter ◦ Douglas Elliman’s real estate brokerage segment achieved gross transaction value of approximately $9.9 billion, compared to

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Source: SEC EDGAR

accession 0001878897-23-000036

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