Earnings Call Summary | Marcus & Millichap(MMI.US) Q2 2024 Earnings Conference
Earnings Call Summary | Marcus & Millichap(MMI.US) Q2 2024 Earnings Conference
The following is a summary of the Marcus & Millichap, Inc. (MMI) Q2 2024 Earnings Call Transcript:
以下是馬庫斯和米利查普公司（MMI）2024年第二季度業績會交流會議記錄摘要：
Financial Performance:
金融業績：
Marcus & Millichap reported a Q2 revenue of $158 million, a decrease from $163 million in the prior year.
Adjusted EBITDA was $1.4 million, with a net loss of $5.5 million due to ongoing market challenges and increased operational costs.
Private Client contributed 63% of brokerage revenue, totaling $85 million, down from 69% and $96 million last year.
Middle market and larger transaction segments showed a revenue increase, contributing 33%, or $45 million, up from 28% and $39 million.
Financing revenue held steady at $18 million, with loan sales up due to large transactions.
馬庫斯和米利查普公司報告2024年第二季度營業收入爲15800萬美元，較去年的16300萬美元有所下降。
調整後的EBITDA爲140萬美元，由於市場持續挑戰和運營成本增加，淨虧損爲550萬美元。
私人客戶佔券商營收的63%，共計8500萬美元，較去年的69%和9600萬美元有所下降。
中等規模和更大的交易部分顯示出營業收入增長，貢獻了33%，或4500萬美元，較去年的28%和3900萬美元有所增加。
融資營收持穩爲1800萬美元，由於大宗交易的增加，貸款銷售上升。
Business Progress:
業務進展：
Closed over 1,200 brokerage transactions totaling $7.2 billion.
Achieved a 25% increase in larger financings, primarily in multifamily agency lending.
Expanded technological investment through 'my MMI', a client application enhancing connectivity between buyers and sellers, now boasting 116,000 users.
Utilized strategic partnerships to bolster client engagement and financial services, with notable advances in auction businesses and loan sales.
Increased its talent pool with a focus on experienced professionals, despite overall challenges in hiring new agents.
共完成了超過1200筆券商交易，總金額72億美元。
大多數是多家庭機構貸款，取得了25%的增長。
通過“我的MMI”進行技術上的投資，增強買家和賣家之間的連接，現已擁有116000用戶。
利用戰略合作伙伴來增強客戶參與度和金融服務，特別是在拍賣業務和貸款銷售方面取得了顯著進展。
儘管招聘新代理商面臨整體挑戰，但專注於經驗豐富的專業人員，擴大了人才隊伍。
Opportunities:
機會：
Increased momentum in capital reentering the market, driven by price corrections and the challenging high cost of new constructions.
Potential for easing of Fed's interest rates, possibly leading to increased real estate transactions and market stabilization.
由於價格糾正和高成本新建築項目的挑戰，資本重新進入市場的勢頭增強。
如果聯儲局的利率有所放緩，可能會導致房地產交易增加和市場穩定。
Risks:
風險：
Prolonged impact of high interest rates affecting transaction closures and pricing.
Challenging conditions in obtaining financing for real estate deals, especially in the smaller transaction segment catering to private clients.
高利率對交易結束和價格的影響持續存在。
在爲私人客戶提供服務的更小交易領域，獲得房地產交易融資更加具有挑戰性。
More details: Marcus & Millichap IR
更多詳情：馬庫斯和米利查普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：如需更全面的詳情，請參閱投資人關係網站。本文僅供投資者參考，不作任何指引或建議。
譯文內容由第三人軟體翻譯。