[情報] RDFN.US Redfin財報展望

[Severine (賽非茵)]

1. 標題：

Redfin stock tanks after forecast shows losses expanding as iBuying business
grows

Redfin股價暴跌，此前預測顯示，隨着iBuying業務的增長，虧損不斷擴大

2. 來源：FUTU
3. 網址：https://news.futunn.com/hk/post/13049106

4. 內文：

After Zillow dropped its home-flipping business, Redfin says it will record a
bigger loss in the first quarter than it did in all of 2021

在Zillow放棄房屋翻轉業務後，Redfin表示，第一季度將錄得比2021年全年更大的虧損

Redfin Corp. shares plunged more than 10% in after-hours trading Thursday,
after executives predicted losses in the first quarter of 2022 would exceed
full-year losses in 2021 as the company maintains an iBuying business that a
rival dropped.

Redfin Corp.股價週四在盤後交易中暴跌逾10%，此前該公司高管預計，2022年第一季度
的虧損將超過2021年全年的虧損，因為該公司維持着競爭對手放棄的iBuying業務。

The real-estate services company reported a fourth-quarter loss of $27
million, or 27 cents a share on Thursday, after recording a profit of 11
cents a share in the same quarter a year ago. Revenue more than doubled from
the year before, to $643.1 million from $244.5 million, and easily topped
analysts' expectations.

這家房地產服務公司週四公佈第四季度虧損2,700萬美元，合每股虧損27美分，去年同期
實現每股盈利11美分。營收比上一年翻了一番多，從2.445億美元增至6.431億美元，輕鬆
超過了分析師的預期。

Analysts on average expected Redfin to report losses of 31 cents a share on
sales of $599 million, according to FactSet. Redfin (RDFN) shares, however,
dove to less than $26 in the extended session, after closing with a 6.1% loss
at $28.64.

根據FactSet的數據，分析師平均預期Redfin的銷售額為5.99億美元，每股虧損31美分。
然而，Redfin的股價在盤後交易中跌至不到26美元，收盤時下跌6.1%，至28.64美元。

The decline was likely tied to Redfin's forecast, which called for a
first-quarter loss of $115 million to $125 million, more than the company
lost in the entire 2021 calendar year, $109.6 million. Last year in the first
quarter, historically the slowest quarter for the company on both the top and
bottom lines, Redfin lost $38.1 million, and analysts on average were
expecting a loss of $75 million heading into the print.

這一下降可能與Redfin的預測有關，該預測稱，第一季度虧損1.15億至1.25億美元，比該
公司2021年全年虧損1.096億美元還要多。去年第一季度，在歷史上該公司營收和利潤都
最慢的季度，Redfin虧損了3810萬美元，分析師平均預計在印刷之前虧損7500萬美元。

Redfin executives guided for first-quarter revenue of $535 million to $560
million, with the bulk coming from its "Properties" division, which they
expect to collect $330 million to $350 million in revenue. That division,
which is almost entirely made up of iBuying, produced record revenue of
$377.1 million in the quarter, up from less than $40 million in the fourth
quarter of 2020.

Redfin高管預計第一季度營收為5.35億至5.6億美元，其中大部分來自其“房地產”部門
，他們預計該部門的營收將達到3.3億至3.5億美元。該部門幾乎全部由iBuying組成，本
季度營收達到創紀錄的3.771億美元，高於2020年第四季度的不到4000萬美元。

Redfin has maintained an iBuying business, which flips homes and tends to
boost revenue while being a drag on the bottom line. Rival Zillow Inc.
(Z)(Z)decided to drop its iBuying business after buying thousands of homes
that were underwater last year.

Redfin一直維持着iBuying業務，該業務出售房屋，往往會增加收入，同時拖累利潤。競
爭對手Zillow Inc.在去年購買了數千套房屋後，決定放棄iBuying業務。

Opinion: Zillow thought it could rule the housing market. It was very wrong

觀點：Zillow認為它可以統治房地產市場。這是非常錯誤的

Redfin Chief Executive Glenn Kelman was forceful in comments three months
ago, after the Zillow disaster first came to light, that his company would
continue with its iBuying plans. In a statement Thursday, he praised the
effort's gross profit.

Redfin首席執行長凱爾曼(Glenn Kelman)三個月前在Zillow災難首次曝光後發表了強有力
的言論，稱他的公司將繼續實施iBuying計劃。在週四的一份聲明中，他讚揚了這一努力
的毛利。

"Redfin is broadening its sources of customer value and corporate income,
with title, mortgage, and iBuying now on track to generate gross profits,
after years of being subsidized by our brokerage," he said in the
announcement. "Entering an uncertain market, Redfin's pricing power and
on-demand service will let us take share and improve operating margins."

他在公告中説：“Redfin正在拓寬其客户價值和公司收入的來源，在多年得到我們經紀公
司的補貼之後，所有權、抵押貸款和iBuying現在有望產生毛利潤。”進入一個不確定的
市場，Redfin的定價權和按需服務將讓我們奪取市場份額，提高營業利潤率。“

Redfin disclosed that it sold a record 600 homes in the quarter for average
revenue of $622,251 apiece, and that gross profit in the business was less
than $4 million. Redfin did not disclose a net loss in the business, though
it did disclose that the company's total interest expense was roughly the
same total as the gross profit of the company's "Properties" division: $3.96
million in gross profit vs. $3.94 billion in interest expense.

Redfin披露，該季度售出了創紀錄的600套住房，平均每套收入為622,251美元，該業務的
毛利潤不到400萬美元。Redfin沒有披露該業務的淨虧損，不過它確實披露，該公司的利
息支出總額與公司“地產”部門的毛利總額大致相當：毛利396萬美元，利息支出39.4億
美元。

Redfin stock has struggled since Zillow's iBuying business imploded, falling
24.7% in the past three months as the S&P 500 index has declined 4.6%. Zillow
shares have actually increased in that time frame by 4%, thanks to a boost
after the company detailed its post-iBuying path last week.

自從Zillow的iBuying業務崩潰以來，Redfin的股價一直舉步維艱，過去三個月下跌24.7%
，標準普爾500指數下跌4.6%。Zillow的股價在這段時間內實際上上漲了4%，這要歸功於
該公司上週詳細説明瞭後iBuying的路徑後的提振。

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看到OPEN也在跌 然後眾人罵翻 找了一下原因是因為豬隊友暴雷,而另一個退隊的豬隊友
之前才大漲過.所以留在隊伍中的都被帶下去了.

豬隊友RDFN目前下跌25%

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→ autoexecbat : 棒棒 zillow放棄了 仲介賺爽爽的就別想跳下去炒房吧
→ autoexecbat : 現在翻修成本都在飆 翻了也不定能那麼快轉手
推 nashQ       : QQ
→ Alwen       : 一些疫情受益股都打回原形= =
→ Severine    : 很多已經不是原形了 打到比疫情還低了
推 l19900513   : 不要說打回原形，根本是把pe砍半再砍半
→ LoveIvy     : 房市不錯 但跟零售房市有關的股已經跌了很久了
推 tutu789     : 但open看來漲的不錯呀 ～ 期權看多比例奇高，24財報
→ tutu789     : 瞧瞧了
→ LoveIvy     : OPEN如果漲得不錯現在應該在20左右吧...慘滿久了
→ LoveIvy     : 不過說真的 Z去搞翻修真的滿笨的