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Dec 31, 2023
RE/MAX Q4 2023 Earnings Report
Reported better-than-expected margins due to cost management in a difficult housing market.
Key Takeaways
RE/MAX Holdings reported a revenue of $76.6 million for Q4 2023, a decrease of 5.7% compared to Q4 2022. The company experienced a net loss of $10.9 million, and Adjusted EBITDA was $23.0 million, down 13.4% year-over-year.
Generated better-than-expected margins due to effective cost management.
Revenue decreased by 5.7% to $76.6 million.
Net loss attributable to RE/MAX Holdings was $10.9 million.
Adjusted EBITDA decreased by 13.4% to $23.0 million.
Revenue by Segment
Forward Guidance
The Company’s first 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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