Redfin Corporation reported Q3 2024 financial results with revenue of $278.0 million, up 3% YoY. Gross profit increased 4% to $101.9 million, while net loss widened to $33.8 million from $19.0 million in Q3 2023. Adjusted EBITDA decreased to $3.9 million from $7.7 million YoY.Market share was 0.76% of U.S. existing home sales by units, down slightly from 0.78% in Q3 2023. The company achieved a 27% mortgage attach rate, up from 22% YoY. Redfin expanded its rental tools nationwide and launched AI-powered home design tools across multiple listing services.For Q4 2024, Redfin expects total revenue between $237-247 million, representing 9-13% YoY growth. The company forecasts a net loss between $32-25 million and adjusted EBITDA between $1-8 million for Q4.

Redfin Corporation reported Q3 2024 financial results with revenue of $278.0 million, up 3% YoY. Gross profit increased 4% to $101.9 million, while net loss widened to $33.8 million from $19.0 million in Q3 2023. Adjusted EBITDA decreased to $3.9 million from $7.7 million YoY.Market share was 0.76% of U.S. existing home sales by units, down slightly from 0.78% in Q3 2023. The company achieved a 27% mortgage attach rate, up from 22% YoY. Redfin expanded its rental tools nationwide and launched AI-powered home design tools across multiple listing services.For Q4 2024, Redfin expects total revenue between $237-247 million, representing 9-13% YoY growth. The company forecasts a net loss between $32-25 million and adjusted EBITDA between $1-8 million for Q4.