---
title: Revenues Skyrocket at Redfin
description: Redfin’s third-quarter revenues of $239 million were 70% higher vs. the same period a year ago, while gross profits increased by 26%, exceeding analyst’s estimates.
---

[Financials | National Investor Network ](https://www.nationalinvestornetwork.com/financials)

# [Revenues Skyrocket at Redfin](https://www.nationalinvestornetwork.com/financials/revenues-skyrocket-at-redfin)

 Written by [Jeff Mindham](https://www.nationalinvestornetwork.com/financials/author/jeff-mindham) | Nov 12, 2019 1:22:52 AM

Redfin’s third-quarter revenues of $239 million were [70% higher vs. the same period a year ago](https://www.inman.com/2019/11/06/redfin-beats-expectations-posts-239m-in-revenue-for-q3-2019/), while gross profits increased by 26%, exceeding analyst’s estimates. Its stock price shot up in after-hours trading on Wednesday, settling at just below $20. 

Glenn Kelman, the CEO of Redfin said in a statement, “These are big strides in our long term goal of redefining real estate in the consumer’s favor.”

[View full post](https://www.nationalinvestornetwork.com/financials/revenues-skyrocket-at-redfin)

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