Earnings Call Insights: Compass, Inc. (COMP) Q1 2026 Management View "I am very pleased to share that we are increasing our target to $300 million in cost synergies to be actioned by the end of year 1. And $500 million in net cost synergies over 3 years, of which $420 million is expected to be realized through the P&L and $80 million is expected to be realized as a CapEx synergy." (Founder, Chairm...
Earnings Call Insights: Compass, Inc. (COMP) Q1 2026 Management View "I am very pleased to share that we are increasing our target to $300 million in cost synergies to be actioned by the end of year 1. And $500 million in net cost synergies over 3 years, of which $420 million is expected to be realized through the P&L and $80 million is expected to be realized as a CapEx synergy." (Founder, Chairman & CEO Robert Reffkin) "We have now actioned over $250 million in cost synergies as of April 1, which is only 82 days since we closed the Anywhere transaction." (CEO Reffkin) "In Q1, Compass, we delivered pro forma revenue of $2.76 billion, up 7% year-over-year" and "We reported adjusted EBITDA of $61 million." (CEO Reffkin) "In the Chicago metro area... we have launched roughly 1,000 coming soon" and "To date, we sent approximately 3,000 buyer inquiries back to listing agents from Compass coming soon on Redfin." (CEO Reffkin) "Rocket's prequalification experience now embedded across all listings on compass.com" and "our real estate professionals are also receiving a minimum of 1.2 million leads from Rocket and Redfin over the next 3 years with over 24,000 leads already having been given" since the partnership was announced. (CEO Reffkin) "Revenue in Q1 reached $2.7 billion, at the upper end of our revenue guidance range of $2.55 billion to $2.75 billion." (CFO & Principal Financial Officer Scott Wahlers) Outlook Q2 2026 revenue guidance of "$4 billion to $4.2 billion" vs. analysts’ revenue estimate of $3.93B (CFO Wahlers; analystsEstimates). "We expect second quarter consolidated adjusted EBITDA to be in the range of $310 million to $350 million." (CFO Wahlers) "We now expect to realize about $200 million in 2026" cost synergy, including "about $130 million" through reduced operating expenses and "about $70 million" through lower CapEx. (CFO Wahlers) Versus the prior quarter’s synergy framing, management increased the 2026 in-year realized cost synergy expectation from "...
The feverish interiority of a young woman abroad is captured with offbeat wit and disarming candour in the first novel from the translator of Butter Without meaning any disrespect to the now defunct noughties R&B trio Mis-Teeq, one would be hard pressed to think of many novels that open with an epigraph from their oeuvre. “You know you wanna sing with us (baby). That’s why you know you should be s...
The feverish interiority of a young woman abroad is captured with offbeat wit and disarming candour in the first novel from the translator of Butter Without meaning any disrespect to the now defunct noughties R&B trio Mis-Teeq, one would be hard pressed to think of many novels that open with an epigraph from their oeuvre. “You know you wanna sing with us (baby). That’s why you know you should be scared of us (baby),” from their 2003 single Scandalous, greets readers of Polly Barton’s debut novel, What Am I, a Deer? It hints at several of the book’s central preoccupations – romance, the disquieting force of desire, and the devotional catharsis of belting out a pop song. Barton has written two nonfiction books – Fifty Sounds, and Porn: An Oral History – but she is a writer readers are likely to have encountered by accident. Primarily a translator of Japanese fiction, her work includes bringing Asako Yuzuki’s bestseller Butter into English. Continue reading...