Welcome to our dedicated page for RE/MAX HOLDINGS news (Ticker: $RMAX), a resource for investors and traders seeking the latest updates and insights on RE/MAX HOLDINGS stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect RE/MAX HOLDINGS's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of RE/MAX HOLDINGS's position in the market.
RE/MAX Holdings, Inc. reported total revenue of $78.3 million and adjusted EBITDA of $19.0 million for the first quarter of 2024. Total revenue decreased by 8.3% compared to the same period last year, driven by negative organic growth. The net loss attributable to RE/MAX Holdings was $3.4 million, with a loss per diluted share of $0.18. Total agent count decreased by 236 agents to 143,287 agents. U.S. and Canada combined agent count decreased by 4.3% to 78,955 agents. Operating results reflect the company's focus on cost management amidst market uncertainties.
RE/MAX, the No. 1 name in real estate, is hosting The RE/MAX Collection Luxury Forum on June 18-19 at The Ritz-Carlton, Lake Tahoe. The event offers luxury real estate agents networking opportunities, insights from industry leaders, and cutting-edge strategies to elevate their business in the luxury segment. Attendees can expect feature presentations, panel discussions, breakout sessions, and networking opportunities.
