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Xp Realty's international division saw a significant surge in revenue, doubling its quarterly earnings. The company is investing heavily in technology and artificial intelligence, with founder Glenn Sanford emphasizing that these investments are long-term strategies rather than short-term bets. Despite the US housing market slowdown, eXp is focusing on expanding globally and leveraging AI to drive productivity.

    eXp International reported a 103% year-over-year revenue increase, driven by recent launches in Peru and Turkey. The company aims to have 50,000 agents in 50 countries outside the US by 2030, with a focus on high-income and emerging markets. Founder Glenn Sanford stated that eXp has built a scalable country-by-country playbook and is making significant investments in technology and AI.

    The company's agent count declined 5% year-over-year to around 82,000, but interim CFO Jesse Hill noted that the decrease was largely due to less productive agents leaving the platform. This resulted in an increase in average transactions per agent, indicating that eXp continues to attract high-performing agents.

    eXp is actively reviewing expenses and preparing for potential market fluctuations. CEO Leo Pareja emphasized the company's scalable business model, which allows it to adjust quickly to changing market conditions. Key financial metrics include a 1% year-over-year revenue increase to $954.9 million, with cash and cash equivalents rising to $115.7 million.

    Notable recent developments include eXp announcing a major recruiting win with the Neal & Neal Team, previously the top Keller Williams team in Texas, which brought 80 agents and $338 million in sales volume in 2024. The company also launched its Co-Sponsor Program to support new agents and endorsed Zillow's new listing standards, becoming the first brokerage to do so.