Company: HOUS
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001398987-25-000108
Chunk: 90

Company: Anywhere Real Estate Inc.
Filing Date: 2025-08-08
Form: 10-Q
Item: Item 8
Chunk 90
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 2025 compared to the same period in 2024.

Revenues increased $4 million during the second quarter of 2025 as compared to the second quarter of 2024 primarily due to a $3 million increase in revenue from our relocation operations as a result of higher volume, a $1 million increase in intercompany royalties received from Owned Brokerage Group and a $1 million increase in brand marketing fund revenue and related expense, partially offset by a $1 million decrease in third-party domestic franchisee royalty revenue. The decrease in third-party domestic royalty revenue was driven by a 4% decrease in existing homesale transactions and a decline in the average homesale broker commission rate, partially offset by a 4% increase in average homesale price.

Franchise Group's revenue includes intercompany royalties and marketing fees received from Owned Brokerage Group of $93 million and $92 million during the second quarter of 2025 and 2024, respectively, which are eliminated in consolidation against the expense reflected in Owned Brokerage Group's results.

Operating EBITDA increased $4 million primarily due to the $4 million increase in revenues discussed above and a $3 million favorable foreign exchange rate impact related to our relocation operations, partially offset by a $2 million increase in employee and other operating costs primarily due to higher employee-related healthcare costs and a $1 million increase in brand marketing fund expense discussed above.

Anywhere Advisors—Owned Brokerage Group

Revenues increased $5 million to $1,398 million and Operating EBITDA decreased $4 million to zero for the three months ended June 30, 2025 compared with the same period in 2024.

The revenue increase of $5 million was primarily driven by a 3% increase in average homesale price, partially offset by a 3% decrease in existing homesale transactions.

Operating EBITDA decreased $4 million primarily due to a $9 million increase in commission expenses paid to independent sales agents, partially offset by a $5 million increase in revenues as discussed above and a $1 million decrease in other operating costs despite a $4 million increase in employee-related healthcare costs.

38

Anywhere Integrated Services—Title Group

Revenues increased $5 million to $108 million and Operating EBITDA increased $1 million to $10 million for the three months ended June 30, 2025 compared with the same period in 2024.

Revenues increased $5 million primarily as a result of a $3 million increase in resale revenue due to a higher average fee per closing