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:
以下是皇家经纪公司（REAX）2024年第一季度财报电话会议记录的摘要：
Financial Performance:
财务业绩：
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报告称，2024年第一季度收入增长了86％，总额为2.01亿美元，这主要是由已完成交易量增加74％和每笔交易平均收入增长7％推动的。
2024年第一季度的毛利创下2,080万美元的高位，与2023年第一季度调整后的息税折旧摊销前利润为负80万美元相比，调整后的息税折旧摊销前利润大幅提高至360万美元。
辅助抵押贷款和产权业务与去年相比增长了104％，而雷亚尔的抵押贷款业务线同比增长了400％以上。
到2024年第一季度末，代理商数量增加到16,680人，比上年增长67％，比2023年底超过3,000人。
Business Progress:
业务进展：
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继续投资移动平台 “One Real”，以增强客户体验并提高辅助服务的盈利能力。
长期目标包括创建一个包含金融科技产品、支付和投资规划工具生态系统的平台。
自有品牌和ProteAMS计划增加了代理人数量，从而促进了绩效良好的团队和独立经纪公司的合作。
尽管利率波动可能导致波动，但雷亚尔看好其增长轨迹、强大的代理主张和作为关键推动力的独特商业模式。
Real将传统经纪公司的潜在颠覆视为行业整合的机会，尤其是在越来越多的传统经纪公司与雷亚尔这样的创新参与者结盟的情况下。
2024 年第一季度流失率一直保持在 1.9% 的低水平，这表明代理保留率很高。
Real的抵押贷款业务在20个州开展业务，其战略是深化影响力，旨在对利润产生积极影响。
More details: The Real Brokerage IR
更多详情： 真正的经纪商 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.
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译文内容由第三方软件翻译。