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Dec 31, 2020
RE/MAX Q4 2020 Earnings Report
Reported a revenue increase driven by a surging housing market and strategic acquisitions.
Key Takeaways
RE/MAX Holdings reported better-than-expected fourth-quarter revenue and profit due to a strong housing market, acquisitions, and Motto growth. The company saw growth in agent count and Motto franchise sales.
Total revenue increased by 6.2% compared to Q4 2019.
Net income attributable to RE/MAX Holdings was $1.3 million.
Adjusted EBITDA increased by 5.7% compared to Q4 2019.
Overall RE/MAX agent count and Motto franchise sales continued to grow.
Forward Guidance
The Company's first quarter and full-year 2021 Outlook assumes no further currency movements, acquisitions or divestitures.
Positive Outlook
- Agent count to increase 4.5% to 5.5% over first quarter 2020.
- Revenue in a range of $71.0 million to $75.0 million (including revenue from the Marketing Funds in a range of $18.0 million to $19.0 million).
- Adjusted EBITDA in a range of $21.5 million to $24.5 million.
- Agent count to increase 4.0% to 5.0% over full-year 2020.
- Revenue in a range of $300.0 million to $310.0 million (including revenue from the Marketing Funds in a range of $71.0 million to $74.0 million)
Historical Earnings Impact
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Avg. Return Before/After Earnings
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