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Sep 30, 2024
RE/MAX Q3 2024 Earnings Report
RE/MAX Holdings reported better-than-forecasted financial results driven by operational efficiency.
Key Takeaways
RE/MAX Holdings reported Q3 2024 results with a total revenue of $78.5 million and an Adjusted EBITDA of $27.3 million. The company is focusing on business optimization, growth, and customer experience, with initiatives to enhance technology and lead generation.
Revenue for Q3 2024 was $78.5 million, a decrease of 3.4% compared to Q3 2023.
Net income attributable to RE/MAX Holdings was $1.0 million, compared to a net loss of $59.5 million in Q3 2023.
Adjusted EBITDA was $27.3 million, an increase of 2.0% compared to Q3 2023.
Basic and diluted GAAP earnings per share were $0.05 for Q3 2024, compared to a loss per share of $3.28 in Q3 2023.
Revenue by Segment
Forward Guidance
The Company’s fourth quarter and full year 2024 Outlook includes the impact of the fee waivers to hurricane-impacted affiliates and assumes no further currency movements, acquisitions, or divestitures.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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