Renowned Strengthens US Revenue with Multi-year Strategic Deals
Key points
- Secured multi-year strategic partnership with RE/MAX, onboarding 75,000 agents across US and Canada
- Signed strategic enterprise-level agreements in Australia and New Zealand
- Continued year-on-year revenue growth in all markets, with 5% growth in ANZ
Full summary
Renowned, a leading real estate technology company, has continued its strategic momentum during the third quarter of FY26, highlighted by the signing of new multi-year deals in Australia, New Zealand, and the US. The key highlights include:- Multi-year strategic partnership with RE/MAX: Renowned announced a multi-year strategic partnership with RE/MAX, one of the world's leading franchisors of real estate brokerage services. Under the agreement, Renowned will provide its suite of Local Expert Marketing services to approximately 75,000 agents across the US and Canada.- Strategic multi-year brokerage deals in ANZ: Renowned signed strategic enterprise-level agreements in both Australia and New Zealand, transforming from single office to multi-office, multi-year deals.- Continued year-on-year revenue growth: Group recurring revenue for the quarter grew 3% year-on-year to $5.7 million (constant currency), with continued growth in both the US and ANZ markets. The US subscription revenue increased by 1% year-on-year, while the ANZ business saw a 5% growth in revenue.The company reported a net operating cash inflow of $166k in the 3 months to March 2026, with cash on hand as of 31 March 2026 at $3.1m. The CEO, Jim Crisera, commented that the brokerage-first approach is gaining momentum, and the company is well-positioned for continued growth going forward.
Guidance
The company expects revenue to accelerate as it beds down each wholesale deal and upsells to individual Agents and Teams. No other high-importance, price-sensitive forward-looking financial metrics were provided.
Outlook
The company expects to see much improved growth rates in the US and in Australia and New Zealand as it takes advantage of using its wholesale relationships to upsell to Agents and Teams.
Summary generated by a large language model. Please interpret with care.