EXp World Holdings reports $4.4M 3Q net income

EXp World Holdings, parent company of eXp Realty, reported a 12 percent increase in revenue, to $1.2 billion, in the third quarter. Net income of $4.4 million was down from $23.8 million a year earlier, as the company adjusted to a cooler market. Agent count rose to just under 85,000 in the third quarter of 2022. EXp’s innovative model has remained profitable as the market shifts. The next few quarters will reveal just how resilient it may be.