Core Insights - REMAX held its fifth annual Global REMAX Week from October 5-11, 2025, promoting community support through various acts of service and fundraising [1][2] - The initiative encouraged affiliates worldwide to engage in charitable activities, showcasing the brand's commitment to community beyond real estate [2][6] Community Engagement - In Mongolia, REMAX organized a Blood Donation Day, with over 60 agents participating, saving an estimated 200 lives [3] - REMAX Côte d'Ivoire donated backpacks and school supplies to children, emphasizing the importance of community support [4] - REMAX Cayman Islands hosted a Breast Cancer Foundation Gala and contributed to Meals on Wheels, while REMAX Dominican Republic and Ecuador focused on animal welfare by donating pet supplies [4][5] Employee Involvement - Employees at REMAX World Headquarters participated in various initiatives, including blood donation and community clean-up efforts [5] - The collective efforts of REMAX affiliates demonstrate a strong commitment to local community support [6] Future Plans - Global REMAX Week is scheduled to return on October 4-10, 2026, continuing the tradition of community service [6] Company Overview - REMAX, a leading global real estate franchisor, operates with over 145,000 agents in nearly 9,000 offices across more than 110 countries [7] - The company has a long-standing history of community involvement, raising millions for charities annually [7]

Financial Performance - RE/MAX Holdings' revenue for Q3 2025 was $73.3 million, a decrease of $5.2 million or 6.7%, compared to $78.5 million in Q3 2024[6, 22] - Adjusted EBITDA for Q3 2025 was $25.8 million, down 5.6% compared to Q3 2024[6, 27] - Adjusted EBITDA margin increased by 40 basis points to 35.2% in Q3 2025[6, 27] - Adjusted Diluted EPS was $0.37[6] Agent Network - Total agent count increased 1.4% year-over-year to 147,547 agents as of September 30, 2025[6, 9] - Agent count in the U S and Canada combined decreased 5.1% to 74,198 agents[6] - Agents outside the U S and Canada increased 9.0% (+6,067 agents)[8] - Agents in Canada decreased 1.5% (-373 Agents)[8] - Agents in the U S decreased 6.9% (-3,630 Agents)[8] Expenses - Selling, operating, and administrative expenses decreased by $3.5 million, or 9.7%, to $32.5 million in Q3 2025, representing 58.9% of Revenue excluding Marketing Funds[23, 24] Outlook - For Q4 2025, the company expects revenue between $69.5 million and $73.5 million and Adjusted EBITDA between $19.0 million and $23.0 million[28] - For full year 2025, the company expects revenue between $290.0 million and $294.0 million and Adjusted EBITDA between $90.0 million and $94.0 million[28]

Core Insights - RE/MAX reported a revenue of $73.25 million for the quarter ended September 2025, reflecting a decrease of 6.7% year-over-year, while EPS was $0.37, down from $0.38 in the same quarter last year [1] - The revenue exceeded the Zacks Consensus Estimate of $73.14 million by 0.15%, and the EPS surpassed the consensus estimate of $0.36 by 2.78% [1] Revenue Breakdown - Marketing Funds fees amounted to $18.14 million, slightly above the average estimate of $18.05 million, but down 9.7% year-over-year [4] - Continuing franchise fees were reported at $27.45 million, below the estimated $29.2 million, representing a decline of 10.9% compared to the previous year [4] - Franchise sales and other revenue reached $5.14 million, exceeding the average estimate of $4.25 million, with a year-over-year increase of 9.5% [4] - Broker fees totaled $14.9 million, surpassing the estimated $13.89 million, with a minimal decline of 0.1% year-over-year [4] - Annual dues were reported at $7.62 million, slightly below the average estimate of $7.81 million, reflecting a year-over-year decrease of 4.4% [4] Stock Performance - Over the past month, RE/MAX shares have returned -11.3%, contrasting with a +3.6% change in the Zacks S&P 500 composite [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market in the near term [3]

Core Insights - REMAX continues its global expansion with the establishment of REMAX Morocco, enhancing its presence in North Africa [1][4] - The Moroccan real estate market is experiencing rapid growth, driven by upcoming major events and increased international interest [3][5] - REMAX Morocco aims to sell over 100 franchises and recruit over 1,000 real estate sales associates, reflecting confidence in the market's potential [5][6] Company Overview - REMAX Morocco will be headquartered in Casablanca and led by Regional Owners Rachida Khalil and Bilal Dabri, who have extensive experience in business development and operations [2][4] - The REMAX brand has a significant global footprint, with over 145,000 agents in nearly 9,000 offices across more than 110 countries [8] Market Potential - The leadership team sees the 2026 Africa Cup of Nations and the 2030 FIFA World Cup as catalysts for increased investment in Morocco's property market [3][5] - The country's reputation as a top tourist destination is attracting foreign investors, particularly in second homes and rental properties [3][4] Strategic Goals - REMAX Morocco plans to leverage its global network to enhance visibility for buyers and sellers in the local market [6] - The company aims to raise the standards of the Moroccan real estate market by providing modern tools and highly trained agents [6][5]

Core Points - RE/MAX Holdings, Inc. will release its financial results for Q3 2025 on October 30, 2025, after market close [1] - A conference call and webcast will be held on October 31, 2025, at 8:30 a.m. Eastern Time for interested parties [1][2] Company Overview - RE/MAX Holdings, Inc. is a leading franchisor in the real estate industry, operating under the REMAX® brand globally and the Motto® Mortgage brand in the U.S. [4] - Founded in 1973, RE/MAX has over 145,000 agents in nearly 9,000 offices across more than 110 countries, making it the largest real estate seller by total residential transaction sides [4] - Motto Mortgage, launched in 2016, is the first national mortgage brokerage franchise brand in the U.S., with over 210 offices in more than 40 states [4]

Core Insights - U.S. home sales decreased by 1.6% year-over-year in August 2025, marking a decline of 5.5% from July 2025, coinciding with the end of a 17-month growth streak in new listings [1][2][7] - Active inventory increased by 24.4% year-over-year, although it saw a slight decrease of 0.4% from the previous month [2][14] - The median sales price rose by 1.9% year-over-year to $448,000, continuing a trend of annual price gains for 26 consecutive months [2][11] Sales Activity - Home sales in August 2025 were down 1.6% compared to August 2024 and down 5.5% from July 2025 [1][10] - The average close-to-list price ratio remained at 99%, indicating that buyers paid nearly the asking price [7][12] - Homes spent an average of 47 days on the market, which is an increase of eight days from the previous year [3][13] Inventory Trends - The number of new listings fell by 5.9% year-over-year and 9.2% month-over-month, with significant decreases in markets like Trenton, NJ (-44.8%) and Philadelphia, PA (-37.6%) [8][9] - The months' supply of inventory was stable at 2.8 months, up from 2.3 months in August 2024 [7][14] Price Trends - The median sales price across 51 metro areas was $448,000, with notable increases in markets like Manchester, NH (+9.2%) and Coeur d'Alene, ID (+9.0%) [11][12] - The markets with the lowest median sales prices included Cleveland, OH and Wichita, KS, both at $260,000 [5][6] Market Dynamics - Seasonal shifts and broader economic factors are influencing housing market activity, with affordability remaining a challenge despite improvements in mortgage rates [4] - Certain metro areas continue to provide more accessible entry points for buyers, highlighting the importance of local market conditions [4][6]

Core Insights - REMAX has launched Marketing as a Service (MaaS), a data-driven platform aimed at enhancing marketing efficiency for its affiliates in the U.S. and Canada [1][2] - MaaS is designed to provide REMAX agents with advanced marketing tools, enabling them to connect with clients effectively and drive business growth [1][3] Group 1: Product Features - MaaS is powered by AI and offers a seamless experience for affiliates to launch marketing campaigns with minimal effort [2] - The platform includes a no-cost base package featuring flyers, digital content, and performance tracking, with advanced features like lead generation and video campaigns to be introduced later [5][6] - Key features of MaaS include simplified marketing tools, smart automation for campaign preferences, performance reporting with real-time metrics, and polished brand presence reflecting REMAX's refreshed branding [8] Group 2: Strategic Importance - The introduction of MaaS aligns with REMAX's strategy to provide competitive advantages to its affiliates, particularly in social and digital marketing [6][7] - This launch comes alongside other innovations such as MAXReferSM and MAXEngageSM, reinforcing REMAX's commitment to leveraging technology for agent success [6][7] - MaaS strengthens the REMAX value proposition by facilitating easier marketing, prioritizing client engagement, and supporting business growth [7]

Core Insights - REMAX has expanded its global presence by signing a regional franchise agreement in Malaysia, joining a network that spans over 110 countries and territories [1][5] - The operation in Malaysia is led by Kelly Ang, an experienced entrepreneur in real estate, who emphasizes the importance of REMAX's reputation and international network [2][3] - REMAX Malaysia aims to grow its team of Registered Estate Agents (REAs) and Real Estate Negotiators (RENs) to better serve clients across the country [3] Company Strategy - The launch of REMAX Malaysia has already received recognition, including the 2025 International Prestige Brand Award, highlighting the professionalism of its affiliates [4] - REMAX is committed to integrity and client service, with a focus on delivering an elevated experience for both professionals and consumers [4] - The company has recently introduced MAXRefer, an AI-powered global referral platform designed to streamline the referral process for agents [4] Global Expansion - The launch in Malaysia follows other international milestones, including the sale of master franchise rights in Côte d'Ivoire and the opening of REMAX Premier in Bahrain, indicating a strategic focus on global growth [5] - REMAX is recognized as a leading global real estate franchisor, with over 145,000 agents in nearly 9,000 offices worldwide [6] - The brand's entrepreneurial culture allows agents and franchisees significant operational independence, contributing to its success in the real estate market [6]

Core Insights - REMAX is accelerating innovation and enhancing its brand experience for agents and affiliates, focusing on modernization and strategic growth [3][4][8] - The annual Broker Owner Conference (BOC) gathered over 500 attendees to discuss new strategies and tools aimed at improving agent performance and brokerage profitability [2][8] Innovation and Strategy - The leadership team is committed to providing resources that help agents secure more listings efficiently, with a focus on building competitive strategies [4][8] - Key innovations include a lead concierge service, an AI-powered referral system, and a rewards platform for social media engagement, all designed to enhance lead generation and marketing effectiveness [4][8] Brand Evolution - The brand's evolution centers on placing agents at the forefront, as highlighted by the introduction of a refreshed logo and personalized branding materials [5][6] - Physical marketing assets, including yard signs, have been made available to support agents in their local markets [6] Company Culture and Growth - REMAX emphasizes maintaining its strong culture while scaling, ensuring that growth aligns with core values and community engagement [7][8] - The focus is on attracting productive professionals who can effectively close deals and win listings, reinforcing the brand's market position [7][8] Conference Highlights - The conference featured influential speakers who provided insights on market trends and strategies for success in a rapidly changing environment [11] - The event underscored REMAX's commitment to building a robust foundation for future growth through collaboration and innovation [9][11]

Q2 2025 Performance Highlights - Total agent count increased by 3,531 agents, a 2.5% year-over-year increase, reaching 147,073 agents[14] - Agent count in the U S and Canada combined decreased by 5 0% to 74,635 agents[6] - Agents Outside U S & Canada increased 11 5% (+7,495 Agents)[12] - Revenue decreased by $5 7 million, or 7 3%, to $72 8 million compared to Q2 2024[19] - Adjusted EBITDA decreased by $1 8 million, or 6 4%, to $26 3 million[23] - Adjusted EBITDA margin increased by 30 basis points to 36 1%[6] Revenue Details - Continuing franchise fees decreased by $1 3 million, or 4 4%, to $29 0 million[16] - Annual dues decreased by $0 5 million, or 5 6%, to $7 7 million[16] - Marketing Funds fees decreased by $1 8 million, or 8 8%, to $18 3 million[16] - Franchise sales and other revenue decreased by $1 1 million, or 19 8%, to $4 3 million[16] Outlook - For Q3 2025, the company expects revenue between $71 0 million and $76 0 million and Adjusted EBITDA between $23 5 million and $26 5 million[24]