Re/Max Holdings Inc ( (RMAX) ) has released its Q4 earnings. Here is a breakdown of the information Re/Max Holdings Inc presented to its investors.
RE/MAX Holdings, Inc. is a prominent franchisor in the real estate and mortgage brokerage industry, operating globally under the RE/MAX and Motto Mortgage brands, with a significant presence in over 110 countries.
In its fourth-quarter 2024 earnings report, RE/MAX Holdings, Inc. reported a total revenue of $72.5 million, which reflected a 5.4% decline compared to the previous year. Despite the revenue drop, the company delivered an adjusted EBITDA of $23.3 million, marking a 1.6% increase, supported by operational efficiencies.
Key financial highlights include a net income of $5.8 million for the quarter, a stark improvement from a net loss in the same quarter the previous year. The company witnessed a decrease in agent count in the U.S. and Canada but saw growth internationally. Operating expenses decreased significantly by 21%, which contributed to the improved financial outcomes.
Looking ahead, RE/MAX Holdings anticipates a stable agent count for 2025 and projects revenue between $290 million and $310 million for the full year. The company remains focused on leveraging operational efficiencies and exploring new revenue opportunities to maintain momentum.