Earnings Call Summary | EXp World(EXPI.US) Q1 2024 Earnings Conference
Earnings Call Summary | EXp World(EXPI.US) Q1 2024 Earnings Conference
The following is a summary of the EXp Word Holdings, Inc. (EXPI) Q1 2024 Earnings Call Transcript:
以下是ExP Word Holdings, Inc.（EXPI）2024年第一季度業績電話會議記錄摘要：
Financial Performance:
財務業績：
eXp reported Q1 revenue of $943 million, an 11% increase year over year.
The Adjusted EBITDA for the quarter dropped to $11 million, down from the same period last year at $14.6 million, primarily because of increased SG&A.
A 2% decrease in agent count impacted revenue negatively by $8 million, while gains in agent productivity and increased home sales prices contributed $94 million and $46 million to revenue growth respectively.
eXp also generated an additional $15 million in top-line growth through the expansion of lease, rental, and other auxiliary services.
ExP報告稱，第一季度收入爲9.43億美元，同比增長11％。
本季度調整後的息稅折舊攤銷前利潤從去年同期的1,460萬美元降至1,100萬美元，這主要是由於銷售和收購的增加。
代理商數量減少2％，對收入產生了800萬澳元的負面影響，而代理商生產率的提高和房屋銷售價格的上漲分別爲9400萬美元和4600萬美元的收入增長貢獻了4,600萬美元。
通過擴大租賃、租賃和其他輔助服務，ExP還創造了1500萬美元的額外收入增長。
Business Progress:
業務進展：
The company is expanding market share and improved its Net Promoter Score from 70% to 73%.
eXp discontinued VirBELA operations to focus on its metaverse platform, Frame.
Implemented initiatives in Q1 as part of a $20 million profit improvement plan are projected to result in $27.3 million in profit and cost savings per year.
International segment reported a 45% increase in revenue YoY.
The company introduced 28 different AI agents in Luna 2.0 to increase operational efficiency.
eXp is attracting high-quality teams and agents, as data shows eXp team agents are 77% more productive than individual agents.
In response to the industry-wide downfall in agent count, eXp launched a profit improvement strategy targeting an annual cost savings of roughly $13.9 million and a profit increase of about $30.3 million.
The company introduced an amended revenue sharing strategy to incentivize more agents and foster growth.
eXp is taking a proactive approach to an anticipated industry rule change in the summer, equipping agents with scripts, tools, and presentations.
eXp expects a significant inflow of independent agents joining in the near future.
該公司正在擴大市場份額，並將其淨推薦值從70％提高到73％。
ExP 停止了 VirBela 的業務，將重點放在其元宇宙平台 Frame 上。
作爲2,000萬美元利潤改善計劃的一部分，在第一季度實施的舉措預計每年將節省2730萬美元的利潤和成本。
國際板塊報告收入同比增長45％。
該公司在Luna 2.0中引入了28種不同的人工智能代理，以提高運營效率。
數據顯示，eXP團隊代理人的工作效率比個人代理高77％，因此吸引了高素質的團隊和代理人。
爲了應對全行業代理數量的下降，ExP啓動了一項利潤改善戰略，目標是每年節省約1,390萬美元的成本，增加約3,030萬美元的利潤。
該公司推出了修訂後的收入分享戰略，以激勵更多的代理商並促進增長。
eXP正在積極應對夏季預期的行業規則變更，爲代理商提供腳本、工具和演示文稿。
ExP預計，在不久的將來，將有大量獨立代理商加入。
More details: eXp World IR
更多詳情： exP World IR
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示：欲了解更多詳情，請訪問投資者關係網站。本文僅供投資者參考，不構成任何投資建議。
譯文內容由第三人軟體翻譯。