Loading...
•
Mar 31, 2024
RE/MAX Q1 2024 Earnings Report
RE/MAX Holdings reported a net loss of $3.4 million and total revenue of $78.3 million.
Key Takeaways
RE/MAX Holdings reported a decrease in revenue to $78.3 million and a net loss of $3.4 million for Q1 2024. Effective cost management led to solid margin performance. RE/MAX agents are the most productive in the U.S., outperforming competitors 2-to-1 for the 16th year.
Total revenue was $78.3 million, a decrease of 8.3% compared to Q1 2023.
Net loss attributable to RE/MAX Holdings was $3.4 million, compared to a net loss of $0.7 million in Q1 2023.
Adjusted EBITDA was $19.0 million, a decrease of 4.7% compared to Q1 2023.
Adjusted basic and diluted EPS were each $0.20, compared to $0.26 in Q1 2023.
Revenue by Segment
Forward Guidance
RE/MAX Holdings provided outlook for the second quarter and full year 2024, assuming no further currency movements, acquisitions, or divestitures.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...