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NEW YORK -On Thursday, Real Brokerage Inc. (NASDAQ:REAX) saw its stock surge 9.09% after the company reported better-than-expected fourth quarter results, with revenue and earnings beating analyst estimates.
The company’s stock soared 9.09% in premarket trading following the release.
The real estate technology company posted Q4 revenue of $350.6 million, significantly above the consensus estimate of $295.91 million. Adjusted earnings per share came in at a loss of $0.03, narrower than the expected loss of $0.05 per share.
Real Brokerage’s revenue jumped 93% year-over-year in Q4, driven by a 99% increase in closed transactions to 35,370. The total value of completed real estate transactions reached $14.6 billion, up 115% from the same period last year.
"Real delivered record results in 2024, capping it off with another quarter of exceptional growth," said Tamir Poleg, Real’s Chairman and CEO. "Our unwavering commitment to innovation and agent success continues to set us apart in the industry."
The company ended the quarter with 24,140 agents on its platform, a 77% increase from Q4 2023. As of March 6, 2025, Real Brokerage reported approximately 26,200 agents using its platform.
For the full year 2024, revenue rose 84% to $1.26 billion. The company closed 120,601 transactions in 2024, up 81% from the previous year.
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