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RE/MAX(RMAX) - 2025 Q2 - Earnings Call Presentation

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]