1. 标题：
Redfin stock tanks after forecast shows losses expanding as iBuying business
grows
Redfin股价暴跌，此前预测显示，随着iBuying业务的增长，亏损不断扩大
2. 来源：FUTU
3. 网址：https://news.futunn.com/hk/post/13049106
4. 内文：
After Zillow dropped its home-flipping business, Redfin says it will record a
bigger loss in the first quarter than it did in all of 2021
在Zillow放弃房屋翻转业务后，Redfin表示，第一季度将录得比2021年全年更大的亏损
Redfin Corp. shares plunged more than 10% in after-hours trading Thursday,
after executives predicted losses in the first quarter of 2022 would exceed
full-year losses in 2021 as the company maintains an iBuying business that a
rival dropped.
Redfin Corp.股价周四在盘后交易中暴跌逾10%，此前该公司高管预计，2022年第一季度
的亏损将超过2021年全年的亏损，因为该公司维持着竞争对手放弃的iBuying业务。
The real-estate services company reported a fourth-quarter loss of $27
million, or 27 cents a share on Thursday, after recording a profit of 11
cents a share in the same quarter a year ago. Revenue more than doubled from
the year before, to $643.1 million from $244.5 million, and easily topped
analysts' expectations.
这家房地产服务公司周四公布第四季度亏损2,700万美元，合每股亏损27美分，去年同期
实现每股盈利11美分。营收比上一年翻了一番多，从2.445亿美元增至6.431亿美元，轻松
超过了分析师的预期。
Analysts on average expected Redfin to report losses of 31 cents a share on
sales of $599 million, according to FactSet. Redfin (RDFN) shares, however,
dove to less than $26 in the extended session, after closing with a 6.1% loss
at $28.64.
根据FactSet的数据，分析师平均预期Redfin的销售额为5.99亿美元，每股亏损31美分。
然而，Redfin的股价在盘后交易中跌至不到26美元，收盘时下跌6.1%，至28.64美元。
The decline was likely tied to Redfin's forecast, which called for a
first-quarter loss of $115 million to $125 million, more than the company
lost in the entire 2021 calendar year, $109.6 million. Last year in the first
quarter, historically the slowest quarter for the company on both the top and
bottom lines, Redfin lost $38.1 million, and analysts on average were
expecting a loss of $75 million heading into the print.
这一下降可能与Redfin的预测有关，该预测称，第一季度亏损1.15亿至1.25亿美元，比该
公司2021年全年亏损1.096亿美元还要多。去年第一季度，在历史上该公司营收和利润都
最慢的季度，Redfin亏损了3810万美元，分析师平均预计在印刷之前亏损7500万美元。
Redfin executives guided for first-quarter revenue of $535 million to $560
million, with the bulk coming from its "Properties" division, which they
expect to collect $330 million to $350 million in revenue. That division,
which is almost entirely made up of iBuying, produced record revenue of
$377.1 million in the quarter, up from less than $40 million in the fourth
quarter of 2020.
Redfin高管预计第一季度营收为5.35亿至5.6亿美元，其中大部分来自其“房地产”部门
，他们预计该部门的营收将达到3.3亿至3.5亿美元。该部门几乎全部由iBuying组成，本
季度营收达到创纪录的3.771亿美元，高于2020年第四季度的不到4000万美元。
Redfin has maintained an iBuying business, which flips homes and tends to
boost revenue while being a drag on the bottom line. Rival Zillow Inc.
(Z)(Z)decided to drop its iBuying business after buying thousands of homes
that were underwater last year.
Redfin一直维持着iBuying业务，该业务出售房屋，往往会增加收入，同时拖累利润。竞
争对手Zillow Inc.在去年购买了数千套房屋后，决定放弃iBuying业务。
Opinion: Zillow thought it could rule the housing market. It was very wrong
观点：Zillow认为它可以统治房地产市场。这是非常错误的
Redfin Chief Executive Glenn Kelman was forceful in comments three months
ago, after the Zillow disaster first came to light, that his company would
continue with its iBuying plans. In a statement Thursday, he praised the
effort's gross profit.
Redfin首席执行长凯尔曼(Glenn Kelman)三个月前在Zillow灾难首次曝光后发表了强有力
的言论，称他的公司将继续实施iBuying计划。在周四的一份声明中，他赞扬了这一努力
的毛利。
"Redfin is broadening its sources of customer value and corporate income,
with title, mortgage, and iBuying now on track to generate gross profits,
after years of being subsidized by our brokerage," he said in the
announcement. "Entering an uncertain market, Redfin's pricing power and
on-demand service will let us take share and improve operating margins."
他在公告中说：“Redfin正在拓宽其客户价值和公司收入的来源，在多年得到我们经纪公
司的补贴之后，所有权、抵押贷款和iBuying现在有望产生毛利润。”进入一个不确定的
市场，Redfin的定价权和按需服务将让我们夺取市场份额，提高营业利润率。“
Redfin disclosed that it sold a record 600 homes in the quarter for average
revenue of $622,251 apiece, and that gross profit in the business was less
than $4 million. Redfin did not disclose a net loss in the business, though
it did disclose that the company's total interest expense was roughly the
same total as the gross profit of the company's "Properties" division: $3.96
million in gross profit vs. $3.94 billion in interest expense.
Redfin披露，该季度售出了创纪录的600套住房，平均每套收入为622,251美元，该业务的
毛利润不到400万美元。Redfin没有披露该业务的净亏损，不过它确实披露，该公司的利
息支出总额与公司“地产”部门的毛利总额大致相当：毛利396万美元，利息支出39.4亿
美元。
Redfin stock has struggled since Zillow's iBuying business imploded, falling
24.7% in the past three months as the S&P 500 index has declined 4.6%. Zillow
shares have actually increased in that time frame by 4%, thanks to a boost
after the company detailed its post-iBuying path last week.
自从Zillow的iBuying业务崩溃以来，Redfin的股价一直举步维艰，过去三个月下跌24.7%
，标准普尔500指数下跌4.6%。Zillow的股价在这段时间内实际上上涨了4%，这要归功于
该公司上周详细说明了后iBuying的路径后的提振。