"Our focus has been on building the foundation for sustainable long-term growth and positioning the company to capture opportunities as market conditions improve. We have taken decisive steps to sharpen our competitive edge, enhance our service offerings and expand our reach, Michael Liebowitz, Douglas Elliman's CEO and president, said during his firm's Q3 2025 earnings call with investors and analysts Tuesday morning."
"We intend to continue to partner with leading technology providers, scale our internal talent pool and maintain rigorous governance to ensure our AI road map supports both growth and trust, Liebowitz said. We believe 2026 will mark the beginning of a new growth phase as the investments and strategic moves we have made in 2025 begin to yield results. Looking ahead, Liebowitz is confident his firm is now ready to tackle any challenge that may lay ahead."
Revenue for the third quarter of 2025 fell to $262.8 million from $266.3 million a year earlier, driven by lower commissions, brokerage income and reduced ancillary services revenue. Net loss narrowed to $24.942 million from $27.449 million the prior year. Agent-reported gross transaction value rose to roughly $10 billion from $9.8 billion. Strategic actions in 2025 included launching Elliman International, an in-house mortgage platform, Elliman Private Listings, an Estate, Trust & Probate division, and the sale of the property management business. Investments in AI produced Elli AI, an assistant app to streamline agent workflow. The balance sheet improved as of end-October 2025.
Read at www.housingwire.com
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