Investor Presentaiton
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Path to Profitability
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Elimination of the
buy-side refund
Eliminated the
refund we provided to
homebuyers effective
December 1, 2022.
Right sizing
the business
Implemented two
workforce reductions in
June and November 2022
to match brokerage staff
with demand and lower
operating expense.
Winding down
RedfinNow
Announced the
closure of Redfin Now
in November 2022 -
a strategic decision to
focus our resources on
our core businesses.
Business
momentum
Expect stabilizing
market conditions and
operational momentum
to be a tailwind for our
rentals and mortgage
segments.
Traffic
monetization
Developing additional
ways to monetize our
audience including
better leveraging our
partner network,
mortgage marketplace
and display ads.
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