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Mar 31, 2023
RE/MAX Q1 2023 Earnings Report
RE/MAX Holdings reported first quarter results with a revenue of $85.4 million and Adjusted EBITDA of $19.9 million.
Key Takeaways
RE/MAX Holdings reported a decrease in revenue to $85.4 million compared to $91.0 million in the first quarter of 2022. The company experienced a net loss of $0.7 million, and Adjusted EBITDA decreased to $19.9 million.
Revenue was $85.4 million, a decrease of 6.2% compared to the first quarter of 2022.
Net loss attributable to RE/MAX Holdings was $0.7 million compared to net income of $1.5 million for the first quarter of 2022.
Adjusted EBITDA was $19.9 million, a decrease of 28.6% compared to the first quarter of 2022.
Basic and diluted GAAP loss per share were each $0.04 for the first quarter of 2023.
Forward Guidance
The Company’s second quarter and full-year 2023 Outlook assumes no further currency movements, acquisitions, or divestitures.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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