Company: HOUS
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001398987-25-000108
Chunk: 94

Company: Anywhere Real Estate Inc.
Filing Date: 2025-08-08
Form: 10-Q
Item: Item 8
Chunk 94
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segment revenues which are eliminated and various unallocated corporate expenses. 

(b)Revenues include the elimination of transactions between segments, which consists of intercompany royalties and marketing fees paid by Owned Brokerage Group of $161 million and $156 million during the six months ended June 30, 2025 and 2024, respectively, and are eliminated in the Corporate and Other line.

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

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As described in the aforementioned table, Operating EBITDA margin for "Total Company" expressed as a percentage of revenues remained flat for the six months ended June 30, 2025 compared to the same period in 2024. Franchise Group's margin increased 1 percentage point primarily due to favorable foreign exchange rate impact related to our relocation operations. Owned Brokerage Group's margin remained flat. Title Group's margin decreased 1 percentage point primarily due to higher employee-related healthcare costs.

Corporate and Other Operating EBITDA for the six months ended June 30, 2025 declined $15 million to a loss of $73 million primarily attributable to higher information technology and employee-related expenses.

Anywhere Brands—Franchise Group

Revenues increased $8 million to $473 million and Operating EBITDA increased $11 million to $260 million for the six months ended June 30, 2025 compared to the same period in 2024.

Revenues increased $8 million primarily due to a $5 million increase in intercompany royalties received from Owned Brokerage Group, a $2 million increase in brand marketing fund revenue and related expense and a $1 million increase in third-party domestic franchisee royalty revenue. The increase in third-party domestic royalty revenue was driven by a 2% increase in existing homesale transaction volume which consisted of a 6% increase in average homesale price, partially offset by a 4% decrease in existing homesale transactions. Revenue from our relocation operations and leads business remained flat for the six months ended June 30, 2025 compared to the same period in 2024.

Franchise Group's revenue includes intercompany royalties and marketing fees received from Owned Brokerage Group of $161 million and $156 million during the six months ended June 30, 2025 and 2024, respectively, which are eliminated in consolidation against the expense reflected in Owned Brokerage Group's results.

Operating EBITDA increased $11 million primarily due to the