Douglas Elliman Inc.

$12.6 million in the 2022 period, and adjusted EBITDA attributed to the segment were approximately a loss of $12.5 million compared to $12.6 million in the 2022 period. Adjusted net loss attributed to Douglas Salmon in the fourth quarter was $14.5 million, or $0.18 per share, compared to $18.4 million, or $0.23 per share, in the 2022 period. Now turning to Douglas Salmon's results for the year ended. December 31st, 2023. Douglas-Solomon reported $956 million in revenues for the year ended December 31st, 2023, compared to $1.15 billion in 2022. Net loss attributed to Douglas-Solomon was $42.6 million, or $0.52 per diluted share, compared to $5.6 million, or $0.08 per diluted share, in 2022. Adjusted EBITDA attributed to Douglas Ullman for the year were a loss of $40.7 million compared to income of $15 million in 2022.

Our real estate brokerage segment reported an operating loss of $36.8 million for the year compared to operating income of $22 million in 2022.

Adjusted EBITDA attributed to the real estate brokerage segment were a loss of $21.5 million compared to income of $34.5 million in 2022. Adjusted net loss attributed to Douglas Elliman was $40.9 million, or $0.50 per share for the year, compared to $6.2 million, or $0.08 per share in 2022. Now we will discuss our outlook on the current operating environment for Douglas Elliman, as well as trends we are seeing in residential real estate. We have previously discussed the cyclical nature of our industry. Generationally, high mortgage rates have driven sustained listing inventory shortages across our luxury markets for almost two years. These shortages have resulted in significantly lower transactions during this time. While we expect these industry-wide challenges will continue to impact our results for the first quarter of 2024, we remain encouraged by improvements in the fourth quarter of 2023 specifically. The fourth quarter saw our first increase in year-over-year quarterly revenues since the first quarter of 2022, which is driven by higher activity across the markets we serve, particularly in Florida.