Company: HOUS
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001398987-25-000116
Chunk: 143

Company: Anywhere Real Estate Inc.
Filing Date: 2025-11-05
Form: 10-Q
Item: Item 8
Chunk 143
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 Group of $90 million and $86 million during the third quarter of 2025 and 2024, respectively, which are eliminated in consolidation.

(b)2024 amounts have been updated to reflect our definition of Operating EBITDA under the heading "Non-GAAP Financial Measures" in this Item 2.

The revenue increase of $82 million was primarily driven by a 6% increase in existing homesale transaction volume at Owned Brokerage Group which consisted of a 5% increase in average homesale price and a 2% increase in existing homesale transactions.

Operating EBITDA remained flat primarily due to a $82 million increase in revenues as discussed above, partially offset by:

•a $69 million increase in commission expenses paid to independent sales agents primarily as a result of higher homesale transaction volume as described above;

•a $7 million increase in employee and other operating costs primarily due to $5 million of higher accruals for employee cash-settled awards which fluctuate with the Company's stock price and reflect its appreciation in the third quarter of 2025 and an increase in employee-related healthcare costs, partially offset by cost savings initiatives; and

•a $4 million net increase in royalties and marketing fees paid to Franchise Group.

Anywhere Integrated Services—Title Group

Three Months Ended September 30, 20252024$ Change% ChangeRevenues$103 $96 7 7 Operating EBITDA (a)$(1)$2 (3)(150)Operating EBITDA Margin(1)%2 %

(a)2024 amounts have been updated to reflect our definition of Operating EBITDA under the heading "Non-GAAP Financial Measures" in this Item 2.

Revenues increased $7 million primarily as a result of a $5 million increase in resale revenue due to a higher average fee per closing unit which was partially offset by a decline in purchase units. Additionally, refinance revenue increased $1 million driven by both an increase in units and a higher average fee per closing unit.

Operating EBITDA decreased $3 million primarily due to a $6 million increase in employee-related and other operating costs, a $3 million increase in variable operating costs due to volume increases and a $1 million decrease in equity in earnings, partially offset by a $7 million increase in revenues discussed above.

Intercompany Eliminations and Unallocated Expenses—Corporate and Other

Three Months Ended September 30, 20252024$ Change% ChangeIntersegment revenues$(90)$(86)(a