Earnings Call Summary | The Real Brokerage(REAX.US) Q1 2024 Earnings Conference
Earnings Call Summary | The Real Brokerage(REAX.US) Q1 2024 Earnings Conference
The following is a summary of the The Real Brokerage Inc. (REAX) Q1 2024 Earnings Call Transcript:
以下是皇家經紀公司（REAX）2024年第一季度業績電話會議記錄的摘要：
Financial Performance:
財務業績：
Real reported an 86% increase in Q1 2024 revenue, totalling $201 million, primarily driven by a 74% increased volume of closed transactions, and a 7% increase in average revenue per transaction.
Gross profit for Q1 2024 recorded a significant high of $20.8 million, dramatically improving the adjusted EBITDA to $3.6 million, compared to the negative adjusted EBITDA of $0.8 million in Q1 2023.
Ancillary mortgage and title business lines witnessed a remarkable 104% growth in comparison to previous year, with Real's mortgage business line witnessing over 400% growth year-on-year.
Agent count increased to 16,680 at the end of Q1 2024, up 67% from previous year and over 3,000 agents from the end of 2023.
Real報告稱，2024年第一季度收入增長了86％，總額爲2.01億美元，這主要是由已完成交易量增加74％和每筆交易平均收入增長7％推動的。
2024年第一季度的毛利創下2,080萬美元的高位，與2023年第一季度調整後的息稅折舊攤銷前利潤爲負80萬美元相比，調整後的息稅折舊攤銷前利潤大幅提高至360萬美元。
輔助抵押貸款和產權業務與去年相比增長了104％，而雷亞爾的抵押貸款業務線同比增長了400％以上。
到2024年第一季度末，代理商數量增加到16,680人，比上年增長67％，比2023年底超過3,000人。
Business Progress:
業務進展：
Real continues its investment in mobile platform 'One Real' to enhance client experience and improve profitability of ancillary services.
Long-term goal includes creation of a platform encompassing an ecosystem of fintech products, payments, and investment planning tools.
The Private Label and ProTeams Initiative have boosted agent numbers, hence facilitating alignment for high-performing teams and independent brokerages.
Despite potential volatility due to interest rate fluctuations, Real is bullish about its growth trajectory, its strong agent proposition and unique business model serving as key enablers.
Real perceives potential disruptions in traditional brokerages as an opportunity for industry consolidation, particularly with growing number of traditional brokerages aligning with innovative players like Real.
Consistently low churn rate of 1.9% in Q1 2024 indicates strong agent retention.
Real's Mortgage business is operating in 20 states with strategy to deepen presence, geared at positively impacting the bottom line.
Real繼續投資移動平台 “One Real”，以增強客戶體驗並提高輔助服務的盈利能力。
長期目標包括創建一個包含金融科技產品、支付和投資規劃工具生態系統的平台。
自有品牌和ProteAMS計劃增加了代理人數量，從而促進了績效良好的團隊和獨立經紀公司的合作。
儘管利率波動可能導致波動，但雷亞爾看好其增長軌跡、強大的代理主張和作爲關鍵推動力的獨特商業模式。
Real將傳統經紀公司的潛在顛覆視爲行業整合的機會，尤其是在越來越多的傳統經紀公司與雷亞爾這樣的創新參與者結盟的情況下。
2024 年第一季度流失率一直保持在 1.9% 的低水平，這表明代理保留率很高。
Real的抵押貸款業務在20個州開展業務，其戰略是深化影響力，旨在對利潤產生積極影響。
More details: The Real Brokerage IR
更多詳情： 真正的經紀商 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。