In 2024, Redfin faced severe financial challenges, reporting a net loss of $164.8 million despite earning $1.043 billion, a 7% revenue increase. This loss exceeded the prior year's figures and prompted significant layoffs starting in August 2024, continuing into early 2025. However, CEO Glenn Kelman expresses confidence in the company's future despite these setbacks. In Q2 of the following year, Redfin showed a more positive trend, recording a smaller-than-expected loss of $6.6 million and an 8% revenue growth, signaling potential recovery.
Redfin had a challenging 2024, recording a $164.8 million net loss, despite a revenue increase to $1.043 billion. CEO Glenn Kelman remains optimistic about the future.
Redfin's Q2 performance exceeded projections with a $6.6 million net loss against predictions of $21 to $26 million, buoyed by a revenue rise of 8%.
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