Workflow
Real Estate Franchising
icon
Search documents
RE/MAX HOLDINGS, INC. TO RELEASE THIRD QUARTER 2025 RESULTS ON OCTOBER 30, 2025
Prnewswire· 2025-10-09 22:53
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]
REMAX NATIONAL HOUSING REPORT FOR AUGUST 2025
Prnewswire· 2025-09-16 20:12
Active inventory was up 24.4% year-over-year across the 51 metro areas surveyed. Despite the drop in sales activity, inventory remained 24.4% higher than one year ago, although it eased down 0.4% from July. At the same time, the Median Sales Price rose 1.9% year over year to $448,000, marking the 26Â consecutive month of annual price gains. Home prices have not declined year over year since June 2023. Month over month, however, prices slipped 0.6%, or $2,500. Accessibility StatementSkip Navigation Home Sale ...
REMAX Launches 'Marketing as a Service' Platform to Empower Affiliates and Strengthen Market Leadership
Prnewswire· 2025-08-26 12:36
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]
REMAX Sells Master Franchise Rights in Malaysia, Expanding the Global Brand's Presence in Southeast Asia
Prnewswire· 2025-08-15 12:38
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]
REMAX Showcases Agent-Centric Innovations Driving Vision into Action at Annual Broker Owner Conference
Prnewswire· 2025-08-08 12:38
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]
RE/MAX(RMAX) - 2025 Q2 - Earnings Call Presentation
2025-07-30 12:30
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]
RE/MAX HOLDINGS, INC. REPORTS SECOND QUARTER 2025 RESULTS
Prnewswire· 2025-07-29 20:15
Core Insights - RE/MAX Holdings reported total revenue of $72.8 million for Q2 2025, a decrease of 7.3% compared to Q2 2024, primarily due to a decline in U.S. agent count and lower Broker Fees revenue [4][10] - The company achieved an adjusted EBITDA of $26.3 million, down 6.4% year-over-year, with an adjusted EBITDA margin of 36.1% [11][10] - The total agent count increased by 2.5% to 147,073 agents, with a notable 11.5% increase in agents outside the U.S. and Canada [3][10] Revenue Performance - Total revenue for Q2 2025 was $72.8 million, down from $78.5 million in Q2 2024, reflecting a decrease of $5.7 million [4][10] - Revenue excluding Marketing Funds was $54.5 million, a decline of 6.8% year-over-year, attributed to a 5.7% decrease in organic revenue and 1.1% adverse foreign currency movements [4][10] - Recurring revenue streams, including franchise fees and annual dues, accounted for 67.3% of revenue excluding Marketing Funds, down from 65.9% in the prior year [5] Operating Expenses - Total operating expenses decreased to $58.7 million in Q2 2025, down 5.7% from $62.3 million in Q2 2024 [6][10] - Selling, operating, and administrative expenses were $33.9 million, representing 62.2% of revenue excluding Marketing Funds, compared to 59.7% in the prior year [7] Profitability Metrics - Net income attributable to RE/MAX Holdings was $4.7 million for Q2 2025, an increase from $3.7 million in Q2 2024 [8][10] - Basic and diluted GAAP earnings per share were both $0.23 for Q2 2025, compared to $0.20 and $0.19 in Q2 2024, respectively [8][10] - Adjusted earnings per diluted share were $0.39, down from $0.41 in the same quarter last year [12] Balance Sheet and Cash Flow - As of June 30, 2025, the company had cash and cash equivalents of $94.3 million, a decrease of $2.3 million from the end of 2024 [13] - Outstanding debt was $439.0 million, slightly down from $440.8 million at the end of 2024 [13] - Cash flow from operations for the first half of 2025 was $10.2 million, down from $25.3 million in the same period of 2024 [26] Outlook - For Q3 2025, RE/MAX Holdings expects revenue in the range of $71.0 million to $76.0 million and adjusted EBITDA between $23.5 million and $26.5 million [19] - The full-year 2025 revenue outlook has been adjusted to a range of $290.0 million to $296.0 million [19]
RE/MAX HOLDINGS, INC. TO RELEASE SECOND QUARTER 2025 RESULTS ON JULY 29, 2025
Prnewswire· 2025-07-09 12:35
Core Viewpoint - RE/MAX Holdings, Inc. will release its financial results for Q2 2025 on July 29, 2025, and will host a conference call on July 30, 2025, at 8:30 a.m. Eastern Time [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 grown to over 145,000 agents in nearly 9,000 offices across more than 110 countries and territories, making it the largest real estate seller by total residential transaction sides [4]. - Motto Mortgage, launched in 2016, is the first and only national mortgage brokerage franchise brand in the U.S., with over 220 offices in more than 40 states [4].
RE/MAX Expands Footprint With New Master Franchise & Office Launch
ZACKS· 2025-05-23 18:58
Group 1 - RE/MAX Holdings, Inc. has announced the sale of master franchise rights in Côte d'Ivoire and the opening of a franchised brokerage in Bahrain, enhancing its presence in Western Africa and the Middle East [1][2] - The Côte d'Ivoire region aims to leverage RE/MAX's globally recognized brand, agent-centric business model, and innovative technology to establish trust in the local real estate market [2] - The newly formed REMAX Premier in Bahrain has set an ambitious growth strategy, focusing on recruiting innovative agents and exploring cross-border partnerships in residential, commercial, and luxury real estate [3][4] Group 2 - RE/MAX's management emphasizes the importance of providing global affiliates with resources and support to expand their businesses, highlighting the brand's strong network of professionals [5] - Over the past three months, RE/MAX shares have decreased by 20.6%, contrasting with a 2.8% decline in the broader industry [5] - Other real estate stocks with better rankings include Ferrovial SE and Berkeley Group, both currently rated as Zacks Rank 2 (Buy) [6]
RE/MAX(RMAX) - 2025 Q1 - Earnings Call Transcript
2025-05-02 13:32
Financial Data and Key Metrics Changes - Total revenue for Q1 2025 was $74.5 million, with adjusted EBITDA of $19.3 million, reflecting a 1.5% increase year-over-year [18] - Adjusted EBITDA margin improved to 25.9%, an increase of 164 basis points compared to Q1 2024 [18] - Adjusted diluted EPS was reported at $0.24 [18] - Revenue excluding marketing funds decreased by 4.3% year-over-year, primarily due to a 3.2% decline in organic growth and adverse foreign currency movements of 1.1% [18] Business Line Data and Key Metrics Changes - The mortgage segment continues to face challenges, impacting revenue, with expectations for recovery taking several quarters [18] - Despite the decline in organic growth, higher broker fees partially offset the negative trends [18] - The company experienced a 10% growth in global agent count in Q1 2025 [12] Market Data and Key Metrics Changes - The U.S. agent count showed signs of stabilization, with April 2025 being the best month of April since 2022, despite a slight decline [54] - The overall real estate market remains under pressure, but the company believes its agents are better positioned due to their productivity and trust [52][78] Company Strategy and Development Direction - The company is focused on operational excellence, enhancing profitability, and building a strong foundation for long-term success [4][8] - New initiatives include the Aspire onboarding program aimed at attracting and developing top-producing agents, and the Max Engage social influencer platform to modernize branding [9][10] - The company is committed to transparency and fairness in real estate, supporting the recent changes in the National Association of Realtors' policies [5][6][83] Management's Comments on Operating Environment and Future Outlook - The macroeconomic situation and real estate market are characterized by uncertainty, with various factors influencing performance [5] - Management expressed optimism about ongoing initiatives and the potential for revenue growth in the second half of 2025 [21] - The company expects agent count to increase by 1.5% to 2.5% in Q2 2025 compared to the same period in 2024 [22] Other Important Information - The company announced the retirement of Ward Morrison, who has been with REMAX for 20 years, marking a significant transition in leadership [23][60] - The company is actively searching for new leadership for the Motto and Weimlo segments following Morrison's departure [61] Q&A Session Summary Question: Concerns about franchise sales decline - Management noted that the decline in franchise sales was partly due to the wind down of prior technology acquisitions and a successful annual conference despite lower attendance [25][26] Question: Operational expenses management - Management highlighted their focus on strategic spending and cost control, with expectations for continued efficiency improvements [33][34] Question: Feedback on the Aspire program - Early feedback on the Aspire program has been positive, with higher than expected adoption rates, indicating a widening interest in the REMAX brand [50][52] Question: Revenue trends in the Motto segment - The decline in revenue for the Motto segment is primarily driven by macroeconomic factors, with stabilization observed on a sequential basis [57][58] Question: International agent growth momentum - The growth in international agents is attributed to outstanding operators and brand momentum in various markets [70][72] Question: Market share trends in the U.S. - The company is monitoring market share across multiple dimensions, noting that their agents are more productive than the industry average [77][78] Question: NAR's clear cooperation policy impact - The company supports transparency and believes in the broad distribution of listings, aligning with consumer interests [81][83]