Marcus & Millichap, Inc. reported total revenue of $168.5 million for the third quarter of 2024, an increase of 4.0% compared to the same period in the prior year. Real estate brokerage commissions rose 1.5% to $142.0 million, while financing fees saw a 19.3% increase to $20.6 million.
The company reported a net loss of $5.4 million, or $0.14 per common share, diluted, an improvement from a net loss of $9.2 million in the prior year. Adjusted EBITDA for the quarter reached approximately breakeven, increasing by $6.6 million.
Total sales volume for the quarter was approximately $12.0 billion, representing a 14.7% increase. The Middle Market and Larger Transaction Market revenue increased by 15.1%, while Private Client Market revenue decreased by 4.3%.
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