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Jun 30, 2024
RE/MAX Q2 2024 Earnings Report
RE/MAX Holdings reported better-than-expected results, driven by efficient operations and strategic brokerage conversions.
Key Takeaways
RE/MAX Holdings reported a revenue of $78.5 million and an adjusted EBITDA of $28.1 million. The company saw an increase in net income and GAAP EPS compared to the second quarter of 2023. The company continues to focus on efficient operations and strategic growth initiatives.
Revenue was $78.5 million, a decrease of 4.8% compared to Q2 2023.
Net income attributable to RE/MAX Holdings was $3.7 million, compared to $2.0 million for the second quarter of 2023.
Adjusted EBITDA was $28.1 million, an increase of 5.4% compared to the second quarter of 2023.
As of June 30, 2024, cash and cash equivalents totaled $66.1 million.
Revenue by Segment
Forward Guidance
The Company’s third quarter and full year 2024 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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