BELLINGHAM, Wash. — October 27, 2020 — eXp World Holdings, Inc. (Nasdaq: EXPI), the holding company for eXp Realty and VirBELA, today provided preliminary unaudited financial and operational results for the third quarter ended September 30, 2020.
eXp World Holdings Preliminary Third Quarter 2020 Highlights (the financial information below is subject to change and could be different when earnings are released):
The number of agents and brokers on the eXp Realty platform increased 56% to 35,877 at the end of the third quarter of 2020, compared to 23,034 a year ago.
Residential transaction sides closed for the third quarter of 2020 increased 95% to 75,392, compared to 38,567 during the third quarter of 2019.
Residential transaction volume closed for the third quarter of 2020 increased 112% to $23.6 billion, compared to $11.1 billion during the third quarter of 2019.
eXp Realty ended the third quarter with a 73 agent Net Promoter Score, which measures agent satisfaction, as compared to 61.eXp Realty continues to maintain a Glassdoor rating of 4.6 placing it close to the top of all large companies in terms of culture and collaboration.
VirBELA revenue grew more than 360%.
International expansion continues with the launch of South Africa, with near-term plans to expand into additional key international markets.
EXPI came out today with some preliminary announcements ahead of earnings. Stock is up 13% as of writing this.