RE/MAX Q1 revenue $85.4M (-6.2% YoY), net loss $0.7M, Adjusted EBITDA $19.9M (-28.6%)

RE/MAX Holdings, Inc.

Total revenue $85.4M, down 6.2% YoY; revenue ex-Marketing Funds $64.1M, down 6.0%.
GAAP net loss $0.7M ($0.04 loss per diluted share); Adjusted EPS $0.26 vs $0.51 prior year.
US/Canada agent count fell 3.1% to 82,521; global total rose 0.8% to 143,523.
Q2 2023 guidance: revenue $79-84M, Adj. EBITDA $24.5-27.5M; FY2023 revenue $315-335M, Adj. EBITDA $95-105M.
Board declared $0.23 quarterly dividend payable May 31; $62.5M remains under share repurchase program.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

RE/MAX Holdings, Inc. reported First Quarter 2023 results: revenue Total Revenue of $85.4 Million, net income Net loss attributable to RE/MAX Holdings, Inc. of $0.7 million, EPS loss per diluted share (GAAP EPS) of $0.04.

Period: First Quarter 2023
Revenue: Total Revenue of $85.4 Million
Net income: Net loss attributable to RE/MAX Holdings, Inc. of $0.7 million
EPS: loss per diluted share (GAAP EPS) of $0.04
Result: reported results

Exact text from the filing

RE/MAX HOLDINGS, INC. REPORTS FIRST QUARTER 2023 RESULTS Total Revenue of $85.4 Million, Adjusted EBITDA of $19.9 Million DENVER, May 4, 2023

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RE/MAX Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001104659-23-056017

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