Douglas Elliman Q1 revenue down 6% to $200.2M; net loss $41.5M with $17.75M litigation charge

Douglas Elliman Inc.

2024-Q1 EPS reported -$0.50 revenue$200,239,000

Revenue $200.2M vs $214.0M prior year; real estate brokerage GTV ~$7.1B (down from ~$7.3B).
Operating loss $41.5M includes $17.75M litigation settlement; net loss $0.50 per diluted share.
Litigation settlement: $7.75M due by June 12, 2024; up to $10M contingent payments through 2027.
Adjusted EBITDA loss $18.2M; real estate brokerage segment adjusted EBITDA loss $14.2M.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Douglas Elliman Inc. reported first quarter 2024 results: revenue $200.2 million, net income $41.5 million, EPS $0.50 per diluted common share.

Period: first quarter 2024
Revenue: $200.2 million
Net income: $41.5 million
EPS: $0.50 per diluted common share
Result: reported results

Exact text from the filing

Kirkland III, Douglas Elliman Inc. 305-579-8000 DOUGLAS ELLIMAN INC. REPORTS FIRST QUARTER 2024 FINANCIAL RESULTS First Quarter 2024 Highlights: • Consolidated revenues of $200.2 million compared to $214.0 million in the prior year quarter ◦ Douglas Elliman’s real estate brokerage segment reported gross transaction value of approximately $7.1 billion, compared to

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Source: SEC EDGAR

accession 0001878897-24-000016

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