Rocket Companies Announces Third Quarter 2024 Results
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Rocket Companies reported its Q3 2024 financial results, with total revenue of $647 million and adjusted revenue of $1.323 billion, surpassing guidance. The company posted a GAAP net loss of $481 million but achieved an adjusted net income of $166 million. Adjusted EBITDA reached $286 million, the highest in two years.
November 12, 2024 | 9:15 pm
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Rocket Companies reported Q3 2024 results with adjusted revenue exceeding guidance and the highest adjusted EBITDA in two years. Despite a GAAP net loss, the company achieved an adjusted net income.
The positive aspects of Rocket Companies' Q3 2024 results, such as exceeding revenue guidance and achieving the highest adjusted EBITDA in two years, are likely to have a positive short-term impact on the stock price. The adjusted net income, despite a GAAP net loss, further supports a positive outlook.
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