Douglas Elliman Q4 2023 revenue up 3.3% YoY, full-year operating loss widens to $64.5M

Douglas Elliman Inc.

Q4 revenue $214.1M (+3.3% YoY); gross transaction value ~$7.9B vs $7.5B.
Q4 net loss $14.8M ($0.18 per share) vs loss $18.4M ($0.23) prior year.
Full year revenue $955.6M (down 17% from $1.15B); operating loss $64.5M vs $4.5M loss.
Full year net loss $42.6M ($0.52 per share) vs loss $5.6M ($0.08).
Adjusted EBITDA loss $40.7M vs income $15.0M in 2022.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Douglas Elliman Inc. reported the year ended December 31, 2023 results: revenue $955.6 million, net income Net loss attributed to Douglas Elliman of $42.6 million, EPS $0.52 per diluted common share.

Period: the year ended December 31, 2023
Revenue: $955.6 million
Net income: Net loss attributed to Douglas Elliman of $42.6 million
EPS: $0.52 per diluted common share
Result: reported results

Exact text from the filing

For the year ended December 31, 2023, revenues were $955.6 million, compared to revenues of $1.15 billion for the year ended December 31, 2022. The Company recorded an operating loss of $64.5 million for the year ended December 31, 2023, compared to an operating loss of $4.5 million for the year ended December 31, 2022. Net loss attributed to Douglas Elliman for the year ended December 31, 2023 was $42.6 million, or $0.52 per diluted common share, compared to a loss of $5.6 million, or $0.08 per diluted common share, for the year ended December 31, 2022.

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Douglas Elliman Inc. reported the three months ended December 31, 2023 results: revenue $214.1 million, net income Net loss attributed to Douglas Elliman of $14.8 million, EPS $0.18 per diluted common share.

Period: the three months ended December 31, 2023
Revenue: $214.1 million
Net income: Net loss attributed to Douglas Elliman of $14.8 million
EPS: $0.18 per diluted common share
Result: reported results

Exact text from the filing

Fourth quarter 2023 revenues were $214.1 million, compared to revenues of $207.3 million in the fourth quarter of 2022. The Company recorded an operating loss of $23.6 million in the fourth quarter of 2023, compared to a loss of $21.9 million in the fourth quarter of 2022. Net loss attributed to Douglas Elliman for the fourth quarter of 2023 was $14.8 million, or $0.18 per diluted common share, compared to a loss of $18.4 million, or $0.23 per diluted common share, in the fourth quarter of 2022.

View on SEC.gov

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Source: SEC EDGAR

accession 0001878897-24-000011

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