Exhibit 99.1 FOR IMMEDIATE RELEASEFOR FURTHER INFORMATION CONTACT: Michelle D. Esterman Chief Financial Officer T: (770) 612-7007 E: Michelle.Esterman@altisource.com ALTISOURCE ANNOUNCES FIRST QUARTER 2024 FINANCIAL RESULTS Luxembourg, April 25, 2024 - Altisource Portfolio Solutions S.A. ("Altisource" or the "Company") (NASDAQ: ASPS), a leading provider and marketplace for the real estate and mortgage industries, today reported financial results for the first quarter 2024. (1) "I am very pleased with our fi ...

Financial Performance - Total revenue for Q1 2024 was $39,469,000, slightly up from $39,461,000 in Q1 2023, indicating a growth of 0.02% year-over-year[14] - Gross profit increased to $12,304,000 in Q1 2024 from $8,504,000 in Q1 2023, representing a significant increase of 44.5%[14] - Net loss attributable to Altisource for Q1 2024 was $9,198,000, an improvement compared to a net loss of $12,947,000 in Q1 2023, reflecting a reduction of 29.1%[14] - Basic and diluted loss per share for Q1 2024 was $(0.33), compared to $(0.70) in Q1 2023, showing a 52.9% improvement[14] - Service revenue decreased to $36.891 million in Q1 2024 from $37.071 million in Q1 2023, a decline of approximately 0.5%[109] - Cost of revenue for Q1 2024 was $27.165 million, a decrease of 12.5% compared to $30.957 million in Q1 2023[118] - Selling, general and administrative expenses increased to $12.852 million in Q1 2024 from $12.094 million in Q1 2023, reflecting a rise of approximately 6.3%[123] - The company recognized $1.3 million in revenue from contract liabilities at the beginning of the period for Q1 2024, down from $1.9 million in Q1 2023[116] - The company recognized $0.1 million in service revenue from Aldridge Pite for Q1 2024, compared to less than $0.1 million in Q1 2023[115] Assets and Liabilities - Total assets decreased to $148,868,000 as of March 31, 2024, down from $154,858,000 as of December 31, 2023, a decline of 3.9%[10] - Total liabilities decreased to $148,868,000 as of March 31, 2024, down from $154,858,000 as of December 31, 2023, also a decline of 3.9%[10] - Cash and cash equivalents decreased to $29,599,000 as of March 31, 2024, from $32,522,000 as of December 31, 2023, a decrease of 9.0%[10] - Long-term debt increased to $219,266,000 as of March 31, 2024, up from $215,615,000 as of December 31, 2023, an increase of 1.5%[10] - Total accounts payable decreased to $13,419,000 as of March 31, 2024, from $15,275,000 as of December 31, 2023, a reduction of 12.1%[59] - Total other assets slightly decreased to $6,675,000 as of March 31, 2024, from $6,730,000 as of December 31, 2023, a decline of 0.8%[57] Revenue Sources - Revenue from Ocwen Financial Corporation accounted for 45% of total revenue, with recognized revenue of $17.7 million for Q1 2024, slightly up from $17.6 million in Q1 2023[32][33] - Ocwen was the largest customer, accounting for 45% of total revenue in Q1 2024[134] - For the three months ended March 31, 2024, Ocwen accounted for 45% of Altisource's total revenue, with an additional 7% earned from loan portfolios serviced by Ocwen[176] - The Origination segment generated $7.8 million in service revenue, reflecting growth driven by newer reseller products and an increase in mortgage originations[187] Cash Flow and Expenses - Cash flows from operating activities resulted in a net cash used of $2.237 million, an improvement from $3.058 million in the prior year[21] - Total cash, cash equivalents, and restricted cash at the end of the period was $32.480 million, down from $46.328 million a year earlier[21] - The company reported a significant increase in share-based compensation expense, rising to $2.213 million from $1.445 million in the previous year[21] - Interest expense increased by 41% to $(9.5) million in Q1 2024 from $(6.8) million in Q1 2023, primarily due to higher interest rates[196] Strategic Initiatives and Risks - The company is evaluating the impact of new accounting standards on its consolidated financial statements, effective after December 15, 2023[30][31] - Management highlighted risks related to retaining key customers like Ocwen and Rithm, which could impact future revenue and operational stability[157] - The company is focused on growing referrals from existing customers and attracting new customers to its offerings, particularly in the Servicer and Real Estate segment, which includes government-sponsored enterprises and large servicers[169] - Altisource aims to diversify its revenue and customer base through strategic initiatives and by developing new offerings within its Origination segment, which serves mortgage loan originators[170] Shareholder Information - The company has approximately 3.1 million shares available for repurchase under the share repurchase program as of March 31, 2024[92] - Altisource's share repurchase program allows for the purchase of up to 3.1 million shares at a minimum price of $1.00 and a maximum price of $25.00 per share, with approximately $115 million available for repurchase under Luxembourg law as of March 31, 2024[175]

Group 1 - Altisource Portfolio Solutions S.A. will report its earnings for the first quarter of 2024 on April 25, 2024 [1] - A press release and presentation will be available on Altisource's website in the Investor Relations section [1] - A conference call to discuss the first quarter results will be held at 8:30 a.m. EDT on the same day [1] Group 2 - Altisource is an integrated service provider and marketplace for the real estate and mortgage industries [2] - The company combines operational excellence with innovative services and technologies to address market demands [2] - Additional information about Altisource can be found on their website [2]

LUXEMBOURG, April 18, 2024 (GLOBE NEWSWIRE) -- On Thursday, April 25, 2024, Altisource Portfolio Solutions S.A. (“Altisource”) (NASDAQ: ASPS) will report earnings for the first quarter 2024. A press release and presentation will be available on Altisource’s website in the Investor Relations section. Altisource will also host a conference call at 8:30 a.m. EDT on the same day to discuss its first quarter 2024 results. A link to the live audio webcast will be available on Altisource’s website in the Investor ...

Group 1: Market Overview - The real estate sector has several oversold stocks, presenting potential buying opportunities for undervalued companies [1] - An asset is considered oversold when the Relative Strength Index (RSI) is below 30, indicating potential for short-term price recovery [1] Group 2: LuxUrban Hotels Inc. (LUXH) - LuxUrban issued a preliminary fourth-quarter revenue outlook that fell below estimates, despite a transformative year with a 160% increase in net rental revenue and a 146% increase in Adjusted EBITDA [2] - The company's stock has decreased approximately 43% over the past month, reaching a 52-week low of $1.25 [2] - The current RSI value for LuxUrban is 25.10, with shares trading at $1.2950 after a 1.9% decline [2] Group 3: Altisource Portfolio Solutions S.A. (ASPS) - Altisource reported a narrower-than-expected quarterly loss, with service revenue in the Servicer and Real Estate segment only 4% lower than 2022 [3] - The company experienced a stock decline of around 74% over the past month, with a 52-week low of $1.58 [3] - The current RSI value for Altisource is 22.36, with shares trading at $1.5950 after a 7.2% drop [3]

Altisource Portfolio Solutions (ASPS) could be a solid addition to your portfolio given its recent upgrade to a Zacks Rank #2 (Buy). This upgrade primarily reflects an upward trend in earnings estimates, which is one of the most powerful forces impacting stock prices.The Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate.Indi ...

Altisource Portfolio Solutions S.A. (NASDAQ:ASPS) Q4 2023 Earnings Conference Call March 7, 2024 8:30 AM ET Company Participants Michelle Esterman - CFO Bill Shepro - Chairman and CEO Conference Call Participants Raj Sharma - B. Riley Mike Grondahl - Northland Operator Hello and thank you for standing by. Welcome to Altisource Fourth Quarter 2023 Earnings Conference Call. At this time, all participants are in a listen-only mode. After speakers' presentation, there will be a question-and-answer session. [Ope ...

ALTISOURCE FOURTH QUARTER 2023 SUPPLEMENTARY INFORMATION MARCH 7, 2024 DISCLAIMER This presentation contains forward-looking statements that involve a number of risks statements are subject include, but are not limited to, risks related to the COVID-19 and uncertainties. These forward-looking statements include all statements that are pandemic, customer concentration, the timing of the anticipated increase in default not historical fact, including statements that relate to, among other things, future relate ...

Core Insights - Altisource Portfolio Solutions (ASPS) reported a revenue of $32.21 million for the quarter ended December 2023, reflecting a year-over-year decline of 1.8% [1] - The earnings per share (EPS) for the quarter was -$0.37, an improvement from -$0.45 in the same quarter last year [1] - The reported revenue fell short of the Zacks Consensus Estimate of $34.36 million, resulting in a surprise of -6.25% [1] - The company experienced an EPS surprise of -12.12%, with the consensus EPS estimate being -$0.33 [1] Revenue Breakdown - Service revenue was reported at $32.21 million, compared to the average estimate of $34.35 million, indicating a year-over-year change of -1.8% [2] - Revenue from non-controlling interests was $0.07 million, significantly lower than the estimated $0.33 million, representing a decline of 37.6% year-over-year [2] - Reimbursable expenses revenue was $1.88 million, slightly above the average estimate of $1.66 million, showing a minimal year-over-year change of -0.3% [2] Stock Performance - Over the past month, shares of Altisource Portfolio have returned +10.2%, outperforming the Zacks S&P 500 composite's +3.2% change [2] - The stock currently holds a Zacks Rank 3 (Hold), suggesting it may perform in line with the broader market in the near term [2]

Company Performance - Altisource Portfolio Solutions reported a quarterly loss of $0.37 per share, which was worse than the Zacks Consensus Estimate of a loss of $0.33, but an improvement from a loss of $0.45 per share a year ago [1] - The company posted revenues of $32.21 million for the quarter, missing the Zacks Consensus Estimate by 6.25% and down from $32.81 million year-over-year [1] - Over the last four quarters, the company has surpassed consensus EPS estimates only once and has missed revenue estimates three times [1] Stock Performance - Altisource Portfolio shares have declined approximately 17.7% since the beginning of the year, contrasting with a 7% gain in the S&P 500 [2] - The current Zacks Rank for the stock is 3 (Hold), indicating expected performance in line with the market in the near future [4] Earnings Outlook - The consensus EPS estimate for the upcoming quarter is -$0.34 on revenues of $35.15 million, while the estimate for the current fiscal year is -$1.30 on revenues of $163.67 million [4] - The trend of estimate revisions for Altisource Portfolio is mixed, which could change following the recent earnings report [4] Industry Context - The REIT and Equity Trust industry, to which Altisource Portfolio belongs, is currently ranked in the bottom 33% of over 250 Zacks industries, indicating potential challenges ahead [5] - The performance of Altisource Portfolio may be influenced by the overall outlook of the industry [5]