Compass, Inc. reported record third-quarter results, achieving significant increases in revenue, adjusted EBITDA, and market share despite ongoing challenges in the housing market.
- Revenue grew 23.6% year-over-year, reaching the high end of guidance.
- Adjusted EBITDA surged 80% to $93.6 million, exceeding expectations by 17%.
- Added a record 851 gross principal agents, with a strong retention rate of 97.3%.
- Total transactions increased 22%, significantly outpacing industry growth.
- Company remains on track to deliver $50 million to $75 million in adjusted EBITDA improvements by 2026, bolstered by the anticipated merger with Anywhere Real Estate.
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