Earnings release
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RE / MAX® HOLDINGS , INC . Exhibit 99.1 RE / MAX HOLDINGS , INC . REPORTS PRELIMINARY THIRD QUARTER 2021 RESULTS DENVER , November 22 , 2021 Preliminary Third Quarter 2021 Highlights ( Compared to third quarter 2020 unless otherwise noted ) ■ ■ ■ ■ ■ Total Revenue increased 28.0 % to $ 91.0 million Revenue excluding the Marketing Funds increased 25.9 % to $ 67.7 million , and was comprised of 6.9 % organic growth1 , 18.3 % growth from acquisitions and 0.7 % growth from foreign currency movements Net loss attributable to RE / MAX Holdings , Inc. of $ 25.1 million and loss per diluted share ( GAAP EPS ) of $ 1.34 Adjusted EBITDA² of $ 35.0 million , Adjusted EBITDA margin² of 38.4 % and Adjusted earnings per diluted share ( Adjusted EPS² ) of $ 0.71 Total agent count increased 4.6 % to 140,936 agents U.S. and Canada combined agent count increased 2.2 % to 85,656 agents Total open Motto Mortgage franchises increased 32.3 % to 176 offices³ Operating Statistics as of October 31 , 2021 ( Compared to October 31 , 2020 unless otherwise noted ) U.S. and Canada combined agent count increased 1.9 % to 85,746 agents ■ Total agent count increased 3.8 % to 141,399 agents Total open Motto Mortgage franchises increased 32.8 % to 178 offices³ " 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 preliminary operating results for the third quarter ended September 30 , 2021 . " We achieved record third quarter revenue , Adjusted EBITDA and Adjusted EPS driven by contributions from the largest Independent Region acquisition in our history , broad - based performance in our core operations , and a healthy housing market , ” said Adam Contos , RE / MAX Holdings Chief Executive Officer . “ Our performance reaffirmed that the investments we've made in recent years have significantly diversified and expanded our revenue and growth opportunities . Organic revenue growth excluding the Marketing Funds also was strong , up nearly 7 % in the third quarter , with much of the incremental revenue translating into profit . " Our two primary brands are vibrant and growing . The July acquisition of RE / MAX INTEGRA's North American operations performed better than expected during the quarter and brought nearly 20,000 agents into our company- owned regions and overall , the RE / MAX network has grown by more than 6,000 agents year over year . Our Motto Mortgage footprint continues to increase as well , with healthy franchise sales and a year - over - year increase in open offices of more than 30 % . " Given the strength of the third quarter , we are again increasing our Adjusted EBITDA guidance for 2021 , and we anticipate finishing the year on a high note . Looking further ahead , we are excited about our growth prospects in 2022 and beyond . " RE / MAX Holdings , Inc. - Third Quarter 2021 Page 1 of 17