RE/MAX Q3 revenue $78.5M (-3.4% YoY); adj EBITDA up 2.0% to $27.3M; FY guidance raised

RE/MAX Holdings, Inc.

Net income $1.0M (GAAP EPS $0.05) vs net loss $59.5M in Q3 2023; adjusted EPS $0.38 vs $0.40.
US/Canada agent count fell 4.4% to 78,201; total agent count up 0.1% to 145,483.
FY 2024 revenue guidance narrowed to $306-$311M (prior $305-$315M); adj EBITDA raised to $95-$98M from $93-$98M.
Q4 revenue expected $71-$76M; adj EBITDA $20.5-$23.5M.
Hurricanes Helene/Milton expected to reduce Q4 revenue by $1.0-$1.5M due to fee waivers.

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