A number of brokerages continue rolling out their Q2 numbers this week, and we’re keep tabs on the big wins. Next up: RE/MAX
During the second quarter os 2021, RE/MAX grew its revenue by more than 48 percent to $77.25 million, remaining profitable with a net income of $5.2 million, according to the company report.
RE/MAX, which belongs to the Zacks Real Estate – Operations industry, posted revenue of $52.21 million in Q2 of last year. According to Yahoo Finance, the company has topped consensus revenue estimates three times over the last four quarters.
“We posted record financial results in the second quarter. I’m very excited about where we are and where we are headed,” RE/MAX CEO Adam Contos, pictured above, said. “Continued execution on our strategy and the benefits of investments we’ve made in recent years are having an impact.”
RE/MAX also grew its agent pool by 6.3 percent to 140,201 agents—the majority of the growth happening in international markets outside of North America.
Earlier this year, we reported on RE/MAX’s record-breaking acquisition of RE/MAX INTEGRA. Once completed, the $235 million acquisition will bring nearly 19,000 additional agents under the principle RE/MAX umbrella.