Redfin Corporation provided earnings guidance for the first quarter of 2022. For the quarter, the company expects total revenue between $535 million and $560 million, representing a year-over-year growth between 99% and 109% compared to the first quarter of 2021. Included within total revenue are real estate services segment revenue between $165 million and $171 million, properties segment revenue between $330 million to $350 million, rentals revenue between $37 million and $38 million, and mortgage revenue of $3 million.

Total net loss is expected to be between $122 million and $115 million, compared to net loss of $36 million in the first quarter of 2021.