RE/MAX Q3 revenue falls 8.7% to $81.2M, net loss of $59.5M; suspends dividend

RE/MAX Holdings, Inc.

GAAP loss per share $3.28 vs income $0.01 a year ago; adjusted EPS $0.40 vs $0.56.
Adjusted EBITDA $26.7M, down 15.0% YoY; margin 32.9% vs 35.4%.
Recorded $55M settlement for industry class-action lawsuits; dividend suspended.
Total agent count up 0.7% to 145,309 but U.S./Canada down 3.9% to 81,782.
Q4 revenue guidance $74-79M; FY 2023 revenue narrowed to $323-328M.

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 the quarter ended September 30, 2023 results: revenue $81.2 million, net income $59.5 million, EPS $3.28.

Period: the quarter ended September 30, 2023
Revenue: $81.2 million
Net income: $59.5 million
EPS: $3.28
Result: reported results

Exact text from the filing

and for complying with its disclosure obligations under Regulation FD. --- EX-99.1 (EX-99.1) --- RE/MAX HOLDINGS, INC. REPORTS THIRD QUARTER 2023 RESULTS Total Revenue of $81.2 Million, Adjusted EBITDA of $26.7 Million DENVER, Nov. 2, 2023 /PRNewswire/ -- Third Quarter 2023 Highlights (Compared to third quarter 2022 unless otherwise noted) Total Revenue

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RE/MAX Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0000950170-23-058223

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