Marcus & Millichap Q3 net loss narrows to $5.4M; revenue up 4% YoY to $168.5M

Marcus & Millichap, Inc.

2024-Q3 EPS reported -$0.54 revenue$455,982,000

Net loss of $5.4M ($0.14 diluted EPS) vs $9.2M loss ($0.24) in Q3 2023; adjusted EBITDA near breakeven.
Total revenue $168.5M (+4.0% YoY); brokerage commissions $142.0M (+1.5%), financing fees $20.6M (+19.3%).
Middle Market & Larger Transaction brokerage revenue rose 15.1% to $49.3M; Private Client Market fell 4.3% to $87.5M.
Investment sales and financing professionals decreased to 1,678 from 1,820 a year ago.
Semi-annual dividend of $0.25 per share paid Oct 4; $71M remaining in share repurchase program.

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