RE/MAX(US:RMAX)2021-11-26 18:24Q3 2021 Financial Performance - RE/MAX achieved record revenue of $91.0 million in Q3 2021[4] - The company's Adjusted EBITDA reached a record $35.0 million with a margin of 38.4%[4] - Adjusted Basic and Diluted EPS also hit a record of $0.71[4] - Total revenue increased by $19.9 million, or 28.0%, compared to Q3 2020's $71.1 million[18] - Recurring revenue streams increased by $8.5 million, or 25.6%, compared to Q3 2020, accounting for 61.2% of revenue (excluding Marketing Funds)[18] Agent Network Growth - Total agent count grew by 6,167 agents, or 4.6%, year-over-year, reaching a record 140,936 agents[4, 12] - Agent count in the U.S and Canada combined increased by 2.2%[4] - Agents Outside U.S. & Canada increased 8.5%[10] Expenses - Selling, operating, and administrative expenses, excluding Marketing Funds, represented 75.4% of revenue, compared to 52.5% in the prior-year period[24] Q4 2021 and Full Year Outlook - For Q4 2021, RE/MAX expects agent count to increase 2.5% to 3.5% over Q4 2020[28] - Q4 2021 revenue is projected to be in the range of $86.0 million to $90.0 million (including Marketing Funds revenue of $22.0 million to $24.0 million)[28] - Full-year 2021 agent count is expected to increase 2.5% to 3.5% over 2020, revised down from 5.0% to 6.0%[29]