“It’s been a wild year”: Redfin losses significantly lower than expected

Redfin’s second quarter wasn’t quite as terrible as the national brokerage and listings site had projected. The Seattle-based residential firm logged a net loss of $6.6 million in the second quarter of 2020 instead of the $21 to $26 million in losses it anticipated. Redfin also reported $214 million in revenue, an 8 percent year-over-year increase. Back in May, the company projected that it would pull in between $179 million and $189 million. Redfin’s losses

source https://therealdeal.com/2020/07/30/its-been-a-wild-year-redfin-losses-significantly-lower-than-expected/