Company: HOUS
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001398987-25-000116
Chunk: 82

Company: Anywhere Real Estate Inc.
Filing Date: 2025-11-05
Form: 10-Q
Item: Item 1
Chunk 82
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 Measures" in this Item 2.

Revenues increased $14 million primarily due to a $10 million increase in intercompany royalties received from Owned Brokerage Group, a $5 million increase in third-party domestic franchisee royalty revenue and a $4 million increase in international revenue, partially offset by a $5 million decrease in other franchise revenue primarily related to the timing of registration fees for meetings and conferences. The increase in third-party domestic royalty revenue was driven by a 4% increase in existing homesale transaction volume which consisted of a 6% increase in average homesale price, partially offset by a 2% decrease in existing homesale transactions. Revenue from our relocation operations and leads business remained flat for the nine months ended September 30, 2025 compared to the same period in 2024.

Operating EBITDA increased $15 million primarily due to the $14 million increase in revenues discussed above, a $6 million decrease in meetings and conferences expenses due to timing and a $3 million favorable foreign exchange rate impact related to our relocation operations, partially offset by an $8 million increase in employee and other operating costs primarily due to $7 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.

Anywhere Advisors—Owned Brokerage Group

Nine Months Ended September 30, 20252024$ Change% ChangeRevenues$3,728 $3,570 158 4 Operating EBITDA (a) (b)$(58)$(66)8 12 Operating EBITDA Margin(2)%(2)%

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(a)Operating EBITDA includes intercompany royalties and marketing fees paid to Franchise Group of $251 million and $242 million during the nine months ended September 30, 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 $158 million was primarily driven by a 5% increase in existing homesale transaction volume at Owned Brokerage Group which consisted of a 6% increase in average homesale price, partially offset by a 1% decrease in existing homesale transactions.

Operating EBITDA increased $8 million primarily due to a $158 million increase in revenues as discussed above, partially offset by