Agent and transaction growth - Co said 26% year-over-year increase in agent count and 27% rise in closed transactions drove revenue growth
Technology enhancements - Co cited rollout of AI features and technology platform improvements as supporting agent experience and growth in higher-margin services
Higher operating expenses - Operating expenses rose 41% due to acquisition costs related to pending REMAX deal
Analyst coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the real estate services peer group is "buy"
Wall Street's median 12-month price target for The Real Brokerage Inc. is $5.00, about 189% above its August 5 closing price of $1.73
Q2 results beat expectations
US real estate tech platform's Q2 revenue rose 30%, beating analyst expectations
Adjusted EBITDA for Q2 rose 38%, beating analyst expectations
Net loss of $8 mln in Q2 driven by $11.6 mln in REMAX acquisition costs
REAX•
