Earnings release
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RE / MAX HOLDINGS , INC . RE / MAX HOLDINGS , INC . REPORTS SECOND QUARTER 2021 RESULTS DENVER , August 4 , 2021 Second Quarter 2021 Highlights ( Compared to second quarter 2020 unless otherwise noted ) ■ ■ ■ ■ Total agent count increased 6.3 % to 140,201 agents U.S. and Canada combined agent count increased 3.0 % to 85,494 agents Total open Motto Mortgage franchises increased 29.1 % to 164 offices¹ ■ Total Revenue of $ 77.2 million ; Revenue excluding the Marketing Funds increased 46.4 % to $ 59.2 million Net income attributable to RE / MAX Holdings , Inc. of $ 5.2 million and earnings per diluted share ( GAAP EPS ) of $ 0.27 Operating Statistics as of July 31 , 2021 ( Compared to July 31 , 2020 unless otherwise noted ) Adjusted EBITDA² of $ 30.5 million , Adjusted EBITDA margin² of 39.5 % and Adjusted earnings per diluted share ( Adjusted EPS² ) of $ 0.63 Exhibit 99.1 Total agent count increased 6.0 % to 140,594 agents U.S. and Canada combined agent count increased 3.1 % to 85,707 agents Total open Motto Mortgage franchises increased 32.2 % to 168 offices¹ RE / MAX Holdings , Inc. ( the " Company " or " RE / MAX Holdings " ) ( NYSE : RMAX ) , parent company of RE / MAX , one of the world's leading franchisors of real estate brokerage services , and Motto Mortgage ( “ Motto ” ) , the first national mortgage brokerage franchise brand in the U.S. , today announced operating results for the second quarter ended June 30 , 2021 . " Record financial results in the second quarter were driven by a historically strong housing market , improved performance from our core operations , and contributions from recent acquisitions , ” stated Adam Contos , RE / MAX Holdings Chief Executive Officer . " Our second quarter revenue and Adjusted EBITDA totals were quarterly records . We added more than 8,000 new agents compared to last year's second quarter , highlighted by solid agent growth in the U.S. and Canada . Open Motto offices increased nearly 30 % year over year , and we continued to sell Motto franchises at a brisk pace . " Contos continued , “ Last month , we were pleased to close our acquisition of RE / MAX INTEGRA's North American operations , the most significant acquisition in our history . We also amended and expanded our credit facility at attractive terms , further fortifying our already - strong balance sheet . The performance trends we see in our business remain positive and we believe our strategy and investments position us well to continue to capture the opportunities we see ahead of us to drive profitable growth . " Second Quarter 2021 Operating Results Agent Count The following table compares agent count as of June 30 , 2021 and 2020 : As of June 30 , RE / MAX Holdings , Inc. - Second Quarter 2021 Change Page 1 of 16