Overview
RE/MAX Q3 revenue decreased 6.7% yr/yr, missing analyst expectations
Adjusted EPS for Q3 missed analyst expectations
Adjusted EBITDA for Q3 slightly exceeded analyst expectations
Outlook
RE/MAX expects Q4 2025 revenue between $69.5 mln and $73.5 mln
Company forecasts full-year 2025 revenue of $290 mln to $294 mln
RE/MAX anticipates Q4 2025 adjusted EBITDA between $19 mln and $23 mln
Result Drivers
AGENT COUNT DECLINE - Revenue decline attributed to a decrease in U.S. agent count and changes to fee models, including the Aspire program
GLOBAL AGENT GROWTH - Total REMAX agent count reached an all-time high, driven by global growth
INNOVATION INITIATIVES - New offerings like the AI-powered REMAX Marketing as a Service platform and new economic models introduced to enhance value proposition
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Revenue | Miss | $73.3 mln | $73.47 mln (3 Analysts) |
Q3 Adjusted EPS | Miss | $0.37 | $0.37 (4 Analysts) |
Q3 EPS | $0.19 | ||
Q3 Net Income | $4 mln | ||
Q3 Adjusted EBITDA | Beat | $25.8 mln | $25.75 mln (4 Analysts) |
Q3 Adjusted EBITDA Margin | 35.2% |
Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy", 3 "hold" and 1 "sell" or "strong sell"
The average consensus recommendation for the real estate services peer group is "buy."
Wall Street's median 12-month price target for Re/Max Holdings Inc is $9.00, about 7.8% above its October 29 closing price of $8.30
Press Release: ID:nPn6g7kbxa
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)