Douglas Elliman Q2 revenue up 4.5% (8.6% comp); net loss narrows to $2.7M

Douglas Elliman Inc.

Q2 revenue $283.4M vs $271.4M YoY; comp-basis up 8.6% after property management divestiture.
Net loss $2.7M ($0.03/share) vs $22.7M ($0.27) loss YoY; operating loss narrowed to $3.4M.
Gross transaction value $10.8B, +5.9% YoY; adjusted EBITDA loss narrowed to $1.0M from $3.6M.
Cash $105.2M, no long-term debt; development marketing pipeline $26.1B; Paris office opened.
Six-month net loss $19.0M ($0.22/share) vs $28.7M ($0.34) loss; AI transformation launched.

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