"Adjusted net income rose 49% to $94 million, while adjusted EBITDA doubled to $132 million, exceeding midpoint of guidance by 26%. Homes.com revenue grew 58% to $26 million in the first quarter, with agent subscribers surging to 35,175."
"On average, a subscriber earned $36,400 more in commissions in their first year as a member against an average annual subscription cost of $3,400, an 11-fold return on investment."
"Organic traffic to Homes.com rose 119% in the first quarter compared with the prior-year period. The company's new Homes AI application drove user engagement sharply higher, with AI users spending an average of 18 minutes on-site."
Adjusted net income rose 49% to $94 million, and adjusted EBITDA doubled to $132 million, surpassing guidance by 26%. Homes.com revenue grew 58% to $26 million, with agent subscribers increasing to 35,175. The average subscriber earned $36,400 more in commissions in their first year, leading to a planned increase in subscription fees. Organic traffic to Homes.com rose 119%, and the new Homes AI application significantly boosted user engagement, with AI users spending an average of 18 minutes on the site compared to non-AI users.
Read at www.housingwire.com
Unable to calculate read time
Collection
[
|
...
]