Real REMAX Group Q3 revenue rises 28%, beats estimates

Overview

• US real estate platform's Q3 revenue rose 28% yr/yr, beating analyst expectations

• Adjusted EBITDA grew 66% yr/yr and beat analyst expectations

• Company actioned over $40 mln in annualized cost savings post-acquisition

Outlook

• Company sees Q4 2026 revenue of $575 mln to $625 mln

• Company expects Q4 2026 adjusted EBITDA of $32 mln to $38 mln

• Company forecasts 2027 revenue of $2.6 bln to $2.8 bln and adjusted EBITDA of $175 mln to $190 mln

Result Drivers

• ACQUISITION IMPACT - Q3 results include initial earnings contribution from REMAX following the August 2026 acquisition

• COST SAVINGS - Co said it achieved over $40 mln in annualized gross cost savings within two months of closing the REMAX acquisition

• BROKERAGE GROWTH - Continued growth in owned brokerage business contributed to Q3 performance

Company press release:

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the real estate services peer group is "buy"

• Wall Street's median 12-month price target for Real REMAX Group Inc. is $40.00, about 135.4% above its November 4 closing price of $16.99

Reuters Recommended Reads

• Nov 4 - Zillow Q3 revenue rises 7% despite weak housing market

• Nov 2 - Offerpad Q3 revenue falls 41% as housing demand slows

• Nov 2 - Realty Income's Q3 revenue beats; raises 2026 AFFO per share outlook

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)