Information
Total Revenue of $78.5 Million, Adjusted EBITDA of $27.3 Million DENVER , Oct. 31, 2024 /PRNewswire/...
Original sourceAI Summary
Total revenue decreased 3.4% to $78.5 million in Q3 2024. Net income of $1 million, contrasting last year's loss of $59.5 million. Adjusted EBITDA rose 2.0% to $27.3 million, with a 34.8% margin. Agent count dropped 4.4% in U.S. and Canada, while global count increased. Forecasted Q4 revenue likely to decrease due to hurricane impacts.
Sentiment Rationale
Revenue decline and agent count drop may lead to negative investor sentiment.
Trading Thesis
Immediate financial performance impacts could affect investor outlook in the upcoming quarter.
Market-Moving
- Total revenue decreased 3.4% to $78.5 million in Q3 2024.
- Net income of $1 million, contrasting last year's loss of $59.5 million.
- Adjusted EBITDA rose 2.0% to $27.3 million, with a 34.8% margin.
Key Facts
- Total revenue decreased 3.4% to $78.5 million in Q3 2024.
- Net income of $1 million, contrasting last year's loss of $59.5 million.
- Adjusted EBITDA rose 2.0% to $27.3 million, with a 34.8% margin.
- Agent count dropped 4.4% in U.S. and Canada, while global count increased.
- Forecasted Q4 revenue likely to decrease due to hurricane impacts.
Companies Mentioned
- RMAX (RMAX)
- MOTTO (MOTTO)
Earnings
Key financial metrics indicate potential stress, influencing market perception of RMAX.