Compass, Inc. announced on January 15, 2025, an upward revision to its fourth quarter and full-year 2024 financial outlook. The company now expects to exceed the high-end of its previously announced Q4 2024 Adjusted EBITDA outlook, signaling stronger performance.
The updated Q4 2024 revenue guidance is now $1.35 billion to $1.4 billion, an increase from the prior range of $1.2 billion to $1.35 billion. Adjusted EBITDA for Q4 2024 is projected to be between $75 million and $85 million, up from the previous $50 million to $70 million.
For the full year 2024, Compass raised its revenue outlook to $5.85 billion to $5.9 billion, from $5.7 billion to $5.85 billion. Full-year Adjusted EBITDA guidance was also increased to $125 million to $135 million, up from $100 million to $120 million. The company also reiterated its positive free cash flow outlook for the full year 2024 and noted it recruited over 650 principal agents organically in Q4, a 50% improvement year-over-year.
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