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Review of Q4 Earnings for Real Estate Services Stocks: Offerpad and the Rest In reviewing real estate services stocks' Q4 earnings, we examine this quarter's top performers, including Offerpad (NYSE:OPAD) and its peers. The impact of technology on the industry has been mixed. On one hand, online listings have increased transaction chances by disseminating information widely. On the other hand, digitization may disintermediate key players like agents who exploit information asymmetries.

    The 13 real estate services stocks we track reported a satisfactory Q4, with revenues beating analysts' consensus estimates by 5.5%. However, next quarter's revenue guidance was 1.2% below expectations. Despite this news, share prices have declined, averaging an 18.6% drop since the latest earnings results.

    Offerpad (NYSE:OPAD), known for its cash offers within 24 hours, operates a tech-enabled platform specializing in direct home buying and selling solutions. The company reported revenues of $174.3 million, down 27.5% year on year, which met analysts' expectations but missed adjusted operating income estimates.

    Offerpad's CEO, Brian Bair, stated that the fourth quarter revenue exceeded guidance due to a balanced mix of offerings, supported by its Renovate business and improved advertising efficiencies. Offerpad delivered the slowest revenue growth among its peers, with the stock down 33.6% since reporting and trading at $1.44.

    The Real Brokerage (NASDAQ:REAX), founded in Toronto in 2014, is a technology-driven real estate brokerage firm combining a tech-centric model with an agent-centric philosophy. The company reported revenues of $350.6 million, up 93.4% year on year, outperforming analysts' expectations by 16.8%. This was the fastest revenue growth among its peers, with the stock down 4.3% since reporting and trading at $4.74.