NYSE$RMAX
RE/MAX Holdings · Q4 2022 earnings
Q4 2022 earnings · · Investor relations
Briefing
RE/MAX Holdings reported Q4 2022 results with revenue decreasing and a net loss recorded, but agent count increasing.
RE/MAX Holdings experienced challenges in Q4 2022, with total revenue decreasing by 8.9% to $81.3 million and a net loss of $2.6 million. Despite industry headwinds, the company saw a 1.4% increase in total agent count, reaching 144,014 agents. Adjusted EBITDA decreased by 14.6% to $26.5 million, and adjusted EPS was $0.41.
- Total revenue decreased by 8.9% to $81.3 million.
- Net loss attributable to RE/MAX Holdings, Inc. was $2.6 million, with a loss per diluted share of $0.14.
- Adjusted EBITDA decreased by 14.6% to $26.5 million, with an Adjusted EPS of $0.41.
- Total agent count increased by 1.4% to 144,014 agents.
Headline financials
Revenue & EPS history
RE/MAX · Revenue · Quarterly
$81.3M
Revenue by segment
RE/MAX · $92.2M total across 5 segments · Q2 2022
- Continuing franchise fees$34.1M—37.0%
- Marketing Funds fees$22.9M—24.9%
- Broker fees$19.3M—21.0%
- Annual dues$9.02M—9.8%
- Franchise sales and other revenue$6.8M—7.4%
Forward guidance
RE/MAX Holdings provided its outlook for Q1 and full year 2023, assuming no further currency movements, acquisitions, or divestitures.
Tailwinds
- Agent count to increase 0.0% to 1.0% over first quarter 2022
- Revenue in a range of $82.0 million to $87.0 million (including revenue from the Marketing Funds in a range of $20.5 million to $22.5 million)
- Adjusted EBITDA in a range of $18.5 million to $21.5 million
- Agent count to change -1.0% to 1.0% over full year 2022
- Revenue in a range of $315.0 million to $335.0 million (including revenue from the Marketing Funds in a range of $83.5 million to $87.5 million)
Headwinds
- Continuing challenging macroeconomic conditions
- Higher mortgage rates
- Lower U.S. existing home sales reduced broker fee revenue
- Pressured U.S. agent count
- Slower Motto franchise sales
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q4 2022
+0.1%
Avg return
Earnings day
-1.4%
Avg return
5 days after
-2.2%
Avg return
30 days after
55%
28 / 51 earnings
Positive
+13.0%
Q2 2024
Best reaction
-13.7%
Q4 2022
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +0.7% | -13.0% | -10.0% | |
| Q4 2025 | -2.2% | -7.5% | -16.1% | |
| Q3 2025 | -3.3% | -6.8% | -0.6% | |
| Q2 2025 | -9.2% | -11.9% | +10.6% | |
| Q1 2025 | +3.4% | +2.6% | -3.1% | |
| Q4 2024 | -10.2% | -7.8% | -12.3% | |
| Q3 2024 | -7.7% | +0.7% | +7.0% | |
| Q2 2024 | +13.0% | +17.6% | +26.2% | |
| Q1 2024 | +7.1% | +12.1% | +12.4% | |
| Q4 2023 | -3.5% | -5.0% | -11.5% | |
| Q3 2023 | +2.7% | -12.9% | -14.7% | |
| Q2 2023 | -1.6% | +2.8% | -16.1% | |
| Q1 2023 | +2.6% | -1.3% | +1.9% | |
| Q4 2022 | -13.7% | -18.3% | -25.9% | |
| Q3 2022 | +1.0% | -5.7% | +12.2% | |
| Q2 2022 | +2.4% | +5.4% | -12.8% | |
| Q1 2022 | -2.4% | +0.3% | +2.2% | |
| Q4 2021 | +1.5% | +1.1% | -4.5% | |
| Q3 2021 | -6.3% | -11.4% | -0.1% | |
| Q2 2021 | +2.3% | +2.2% | -0.3% | |
| Q1 2021 | -1.6% | -3.7% | -6.3% | |
| Q4 2020 | +1.3% | -1.9% | -5.2% | |
| Q3 2020 | -3.8% | -5.0% | -2.6% | |
| Q2 2020 | +6.5% | +11.2% | +5.7% | |
| Q1 2020 | +3.3% | +9.8% | +39.4% | |
| Q4 2019 | -12.8% | -19.6% | -54.4% | |
| Q3 2019 | +9.6% | +9.5% | +13.7% | |
| Q2 2019 | -2.9% | -6.8% | -11.7% | |
| Q1 2019 | -6.0% | -9.5% | -30.4% | |
| Q4 2018 | -1.2% | -3.9% | -9.3% | |
| Q3 2018 | -6.0% | -8.7% | -11.8% | |
| Q2 2018 | +1.5% | +0.3% | -0.5% | |
| Q1 2018 | +0.1% | +0.2% | -3.4% | |
| Q3 2017 | +8.6% | +10.0% | +12.8% | |
| Q4 2017 | +8.6% | +10.0% | +12.8% | |
| Q2 2017 | +9.4% | +5.2% | +7.2% | |
| Q1 2017 | -1.9% | -2.8% | -7.5% | |
| Q4 2016 | -3.2% | -4.9% | -6.1% | |
| Q3 2016 | +5.9% | +9.4% | +23.3% | |
| Q2 2016 | +1.4% | +1.1% | +0.1% | |
| Q1 2016 | +1.8% | — | — | |
| Q4 2015 | -1.2% | — | — | |
| Q3 2015 | +2.9% | — | — | |
| Q2 2015 | -0.7% | — | — | |
| Q1 2015 | +6.0% | — | — | |
| Q4 2014 | +3.9% | — | — | |
| Q3 2014 | +1.1% | — | — | |
| Q2 2014 | +5.0% | — | — | |
| Q1 2014 | -4.3% | — | — | |
| Q4 2013 | -4.7% | — | — | |
| Q3 2013 | +3.5% | — | — | |
| Q2 2013 | — | — | — | |
| Q1 2013 | — | — | — | |
| Q4 2012 | — | — | — | |
| Q3 2012 | — | — | — |
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