Fathom Realty Announces Revised Agent Commission Structure; Expects Change To Add An Estimated $3.1M In EBITDA For 2024
Portfolio Pulse from Benzinga Newsdesk
Fathom Holdings Inc. (NASDAQ:FTHM), through its subsidiary Fathom Realty, announced a revised agent commission structure expected to add $3.1M to its EBITDA in 2024. The changes include an increase in the annual fee from $600 to $700 and a new 'High-Value Property Fee' for properties over $600,000, which adds $200 to $250 based on the property price. The company believes these changes will minimally impact agents while aiding Fathom's growth objectives.
November 27, 2023 | 9:10 pm
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Fathom Holdings Inc. expects its revised agent commission structure to contribute an additional $3.1M to its EBITDA in 2024, indicating a positive outlook for the company's profitability.
The revision in the commission structure is directly related to Fathom Holdings Inc.'s revenue and profitability. The expected increase in EBITDA is a positive signal for investors, suggesting improved financial performance. However, the actual impact will depend on the market's reception of the new fee structure and its effect on agent retention and recruitment.
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IMPORTANCE 80
RELEVANCE 100