redfin

Redfin CEO Apologizes to Shareholders After Profit Eludes Company in Q3 Earnings Report

2024’s third quarter dragged down Redfin’s financials, according to the company’s latest earnings report.  Redfin’s revenue declined to $278 million, down from $295 million during Q2 2024, but was up 3% year-over-year from Q3 2023’s $269 million. The company also saw a net loss of $33.8 million, a larger loss than $27.9 million in Q2…

The post Redfin CEO Apologizes to Shareholders After Profit Eludes Company in Q3 Earnings Report appeared first on RISMedia.




redfin

Zillow, Redfin will start flipping houses again as homebuying demand rebounds from coronavirus slump


The rival Seattle-based digital brokerages reported stronger-than-expected revenue in the first three months of the year, but ended the quarter sunk in the red.




redfin

Redfin is shifting its focus from iBuying to this less risky business venture

Redfin launched this service in late 2017, just after creating RedfinNow, but has struggled to create the software and on-demand operations until now.