RE/MAX Holdings Sees Q2 Revenue $75M-$80M Vs $78.76M Est.; FY24 Revenue $300M-$320M Vs $310.41M Est.
$RMAX
Real Estate
Finance
Outlook
The Company's second quarter and full-year 2024 Outlook assumes no further currency movements, acquisitions, or divestitures.
For the second quarter of 2024, RE/MAX Holdings expects:
- Agent count to change negative 1.5% to 0.0% over second quarter 2023;
- Revenue in a range of $75.0 million to $80.0 million (including revenue from the Marketing Funds in a range of $19.0 million to $21.0 million); and
- Adjusted EBITDA in a range of $24.0 million to $27.0 million.
For the full year 2024, the Company expects:
- Agent count to change negative 0.5% to positive 1.5% over full year 2023;
- Revenue in a range of $300.0 million to $320.0 million (including revenue from the Marketing Funds in a range of $78.0 million to $82.0 million); and
- Adjusted EBITDA in a range of $90.0 million to $100.0 million.