Strong Operating EBITDA Growth
Generated $290 million of operating EBITDA in 2024, up $35 million from the prior year, with $50 million of free cash flow. Operating EBITDA for 2025 is expected to be about $350 million, indicating a $60 million increase year-over-year.
Cost Savings and Efficiency Improvements
Exceeded cost saving targets by 25%, achieving nearly $125 million in savings through simplifying and automating operations. Targeted another $100 million in cost savings for 2025.
Luxury Segment Growth
Luxury volume was up nearly 10% for the year and approximately 20% in the fourth quarter, with unit growth of 4% year-over-year for the full year and 12% in Q4.
AI Integration Success
Deployed generative AI at scale, improving operations and reducing error rates in document processing to as low as one in 5,000 documents processed.
Franchise Network Expansion
Added 67 new franchisees in 2024, with 28 new franchisees in Q4, including a significant addition of a 400-agent brokerage in the DC area to the Corcoran brand.