Company: HOUS
Filing Date: 2025-05-07
Form Type: 10-Q
Source: 0001398987-25-000067
Chunk: 100

Company: Anywhere Real Estate Inc.
Filing Date: 2025-05-07
Form: 10-Q
Item: Item 2
Chunk 100
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$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 of revenues increased 1 percentage point for the three months ended March 31, 2025 compared to the same period in 2024. Franchise Group's margin increased 3 percentage points primarily due to an increase in royalty revenue. Owned Brokerage 

32

Group's margin increased 1 percentage point primarily due to lower occupancy costs as a result of cost savings initiatives, partially offset by an increase in employee-related costs. Title Group's margin decreased 2 percentage points primarily due to an increase in employee-related and other operating costs.

Corporate and Other Operating EBITDA for the three months ended March 31, 2025 declined $4 million to a loss of $33 million primarily attributable to higher employee-related expenses.

Anywhere Brands—Franchise Group

Revenues increased $4 million to $204 million and Operating EBITDA increased $7 million to $97 million for the three months ended March 31, 2025 compared to the same period in 2024.

Revenues increased $4 million during the first quarter of 2025 as compared to the first quarter of 2024 primarily due to a $4 million