RE/MAX Q4 revenue down 8.9% to $81.3M; net loss $2.6M; guidance below 2022 levels

RE/MAX Holdings, Inc.

Q4 total revenue $81.3M (down 8.9% YoY); net loss $2.6M vs net income $3.1M in Q4 2021.
Q4 adjusted EBITDA $26.5M (down 14.6%); adjusted EPS $0.41 vs $0.60 a year ago.
Full-year 2022 revenue $353.4M (+7.2%); net income $4.8M; GAAP EPS $0.26.
Total agent count +1.4% to 144,014; U.S./Canada combined -1.9% to 83,839.
Q1 2023 guidance: revenue $82-87M, adjusted EBITDA $18.5-21.5M; FY2023 revenue $315-335M.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

RE/MAX Holdings, Inc. reported full year ended December 31, 2022 results: revenue $353.4 million, net income Net income attributable to RE/MAX Holdings, Inc. of $4.8 million, EPS income per diluted share (GAAP EPS) of $0.26.

Period: full year ended December 31, 2022
Revenue: $353.4 million
Net income: Net income attributable to RE/MAX Holdings, Inc. of $4.8 million
EPS: income per diluted share (GAAP EPS) of $0.26
Result: reported results

Exact text from the filing

Total Revenue increased 7.2% to $353.4 million Revenue excluding the Marketing Funds 1 increased 6.4% to $263.1 million, driven by 7.8% growth attributable to acquisitions, partially offset by negative 0.8% organic growth 2 and adverse foreign currency movements of 0.6% Net income attributable to RE/MAX Holdings, Inc. of $4.8 million and income per diluted share (GAAP EPS) of $0.26

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

RE/MAX Holdings, Inc. reported fourth quarter ended December 31, 2022 results: revenue $81.3 million, net income Net loss attributable to RE/MAX Holdings, Inc. of $2.6 million, EPS loss per diluted share (GAAP EPS) of $0.14.

Period: fourth quarter ended December 31, 2022
Revenue: $81.3 million
Net income: Net loss attributable to RE/MAX Holdings, Inc. of $2.6 million
EPS: loss per diluted share (GAAP EPS) of $0.14
Result: reported results

Exact text from the filing

Total Revenue decreased 8.9% to $81.3 million Revenue excluding the Marketing Funds 1 decreased 10.2% to $59.4 million, driven by negative 9.1% organic growth 2 and adverse foreign currency movements of 1.1% Net loss attributable to RE/MAX Holdings, Inc. of $2.6 million and loss per diluted share (GAAP EPS) of $0.14

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RE/MAX Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0000950170-23-003056

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