DOUGLAS ELLIMAN LAUNCHES AI TRANSFORMATION BUILT WITH GOOGLE CLOUD'S TECHNOLOGY, UNVEILS NEW INTELLIGENCE COMPANY, AND ANNOUNCES DRIVE TO RESET COST STRUCTURE

About this update from Douglas Elliman Inc.

Douglas Elliman to redesign itself as a technology-forward enterprise, resetting its cost structure through enterprise-wide AI implementation to create a leaner, more efficient operating model Elius, a newly launched intelligence company to be built with Google Cloud's technology, designed to leverage Douglas Elliman's proprietary luxury data for sharper pricing intelligence, enhance agent advisor productivity, and enable new businesses beyond brokerage NEW YORK, July 8, 2026 /PRNewswire/ -- Douglas Elliman Inc. (NYSE: DOUG) (together with its subsidiaries, "Douglas Elliman" or the "Company"), the nation's preeminent brand in luxury real estate, operating through Douglas Elliman Realty and Douglas Elliman Development Marketing, today announced the launch of a company-wide technology infrastructure transformation to support the Company's evolution into a technology-forward enterprise. The effort is designed to fundamentally change how Douglas Elliman operates to improve efficiency, enhance the agent advisor and client experience, and reshape its long-term cost structure. The Company also announced the launch of Elius, a newly formed intelligence company positioned to build proprietary real estate intelligence capabilities beyond traditional brokerage. Elius is designed to power a new generation of intelligent real estate experiences, products, and services that move beyond today's search and portal-based models by anticipating opportunities, surfacing insights earlier, and delivering guidance that today's static platforms cannot. The transformation follows two parallel tracks to reset Douglas Elliman's non-commission-based cost structure across business units while building a proprietary intelligence business under the name Elius. Both tracks are enabled by Google Cloud technology, including its AI models and enterprise infrastructure, which the Company has selected to power its transformation. TRACK 1: REDESIGN BROKERAGE OPERATIONS AND IMPROVE COST STRUCTURE Douglas Elliman currently operates a fragmented technology environment spanning many systems and vendors across its business functions. Through agentic AI-enabled automation powered by Google Cloud technology, Douglas Elliman expects to simplify operations, improve productivity and scalability, and achieve significant savings in non-commission operating expenses over the next three years through technology consolidation, workflow modernization, and workforce productivity improvements. TRACK 2: INTRODUCING ELIUS

View stock analysis, news, and events for Douglas Elliman Inc.