Real Brokerage Q2 revenue rises 30%, beats estimates
Real Brokerage Q2 revenue rises 30%, beats estimates
Overview
US real estate tech platform's Q2 revenue rose 30%, beating analyst expectations
Adjusted EBITDA for Q2 rose 38%, beating analyst expectations
Net loss of $8 mln in Q2 driven by $11.6 mln in REMAX acquisition costs
Outlook
Company expects to achieve $30 mln of cost synergies within three years post-REMAX acquisition
Real continues integration planning for the pending REMAX acquisition, expected to close in H2 2026
Company sees a robust pipeline entering the second half of the year
Result Drivers
AGENT AND TRANSACTION GROWTH - Co said 26% year-over-year increase in agent count and 27% rise in closed transactions drove revenue growth
TECHNOLOGY ENHANCEMENTS - Co cited rollout of AI features and technology platform improvements as supporting agent experience and growth in higher-margin services
HIGHER OPERATING EXPENSES - Operating expenses rose 41% due to acquisition costs related to pending REMAX deal
Company press release: ID:nBwX5L4ca
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Revenue | Beat | $700.60 mln | $654.35 mln (4 Analysts) |
Q2 Loss Per Share |
| $0.03 |
|
Q2 Net Loss |
| $8 mln |
|
Q2 Adjusted EBITDA | Beat | $27.60 mln | $24.26 mln (4 Analysts) |
Q2 Gross Profit |
| $58.30 mln |
|
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the real estate services peer group is "buy"
Wall Street's median 12-month price target for The Real Brokerage Inc. is $5.00, about 189% above its August 5 closing price of $1.73
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For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)