Douglas Elliman Q2 revenue $285.8M, net loss narrows to $0.02/sh; brokerage profitable

Douglas Elliman Inc.

2024-Q2 EPS reported -$0.52 revenue$485,990,000

Q2 revenue $285.8M (+3.6% YoY); gross transaction value ~$10.6B vs $9.9B prior year.
Net loss $1.7M ($0.02 diluted EPS) vs $5.2M loss ($0.06) in Q2 2023.
Real estate brokerage segment operating income $2.9M, up from $1.0M YoY.
First half 2024 includes $17.75M litigation settlement charge; $7.75M paid June 2024.
Adjusted EBITDA attributed to Douglas Elliman $2.4M vs -$2.6M in Q2 2023.

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