Company: HOUS
Filing Date: 2025-05-07
Form Type: 10-Q
Source: 0001398987-25-000067
Chunk: 74

Company: Anywhere Real Estate Inc.
Filing Date: 2025-05-07
Form: 10-Q
Item: Item 8
Chunk 74
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5 include $7 million at Owned Brokerage Group and $5 million in Corporate and Other. Restructuring charges incurred for the three months ended March 31, 2024 include $1 million at Franchise Group, $6 million at Owned Brokerage Group and $4 million in Corporate and Other.

(c)Non-cash impairments primarily related to leases and other assets.

(d)Former parent legacy items are recorded in Corporate and Other and relate to legacy tax matters.

(e)Represents changes in legal contingencies unrelated to normal operations which currently includes industry-wide antitrust lawsuits and class action lawsuits. Legal contingencies do not include cases that are part of our normal operating activities or legal expenses incurred in the ordinary course of business.

The following table reflects the results of each of our reportable segments and Corporate and Other during the three months ended March 31, 2025 and 2024:

 Revenues (b)$ Change% ChangeOperating EBITDA$ Change% ChangeOperating EBITDA MarginChange2025202420252024 (c)20252024 (c)Franchise Group$204 $200 $4 2 %$97 $90 $7 8 %48 %45 %3 Owned Brokerage Group990 919 71 8 (47)(59)12 20 (5)(6)1 Title Group78 71 7 10 (18)(15)(3)(20)(23)(21)(2)Corporate and Other (a)(68)(64)(4)(b)(33)(29)(4)(14)Total Company$1,204 $1,126 $78 7 %$(1)$(13)$12 92 %— %(1)%1 _______________     

(a)Corporate and Other includes the Company's intersegment 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 $68 million and $64 million during the three months ended March 31, 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. 

As described in the aforementioned table, Operating EBITDA margin for "Total Company" expressed as a percentage