Company: HOUS
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001398987-25-000108
Chunk: 91

Company: Anywhere Real Estate Inc.
Filing Date: 2025-08-08
Form: 10-Q
Item: Item 8
Chunk 91
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 unit which was partially offset by a decline in purchase units. Additionally, refinance revenue increased $2 million driven by both an increase in units and a higher average fee per closing unit.

Operating EBITDA increased $1 million primarily due to a $5 million increase in revenues discussed above, partially offset by a $4 million increase in variable operating costs due to volume increases.

Six Months Ended June 30, 2025 vs. Six Months Ended June 30, 2024

Our consolidated results comprised the following:

 Six Months Ended June 30,  20252024ChangeNet revenues$2,886 $2,795 $91 Total expenses2,955 2,885 70 Loss before income taxes, equity in earnings and noncontrolling interests(69)(90)21 Income tax benefit(15)(17)2 Equity in earnings of unconsolidated entities(4)(2)(2)Net loss(50)(71)21 Less: Net income attributable to noncontrolling interests(1)— (1)Net loss attributable to Anywhere and Anywhere Group$(51)$(71)$20 

Net revenues increased $91 million or 3% for the six months ended June 30, 2025 compared to the six months ended June 30, 2024 primarily driven by an increase in revenue at Owned Brokerage Group due to higher homesale transaction volume.

Total expenses increased $70 million or 2% for the six months ended June 30, 2025 compared to the six months ended June 30, 2024 primarily due to:

•a $68 million increase in commission and other sales agent-related costs as a result of higher homesale transaction volume at Owned Brokerage Group; and

•a $22 million increase in operating and general and administrative expenses primarily attributable to an increase in employee-related healthcare costs and other operating costs,

partially offset by,

•an $8 million decrease in depreciation and amortization expense, and

•a $7 million decrease in interest expense.

Equity in earnings were $4 million for the six months ended June 30, 2025 compared to earnings of $2 million during the same period of 2024. Equity in earnings for the six months ended June 30, 2025 consisted of $1 million of earnings for Guaranteed Rate Affinity and $3 million of earnings for the operations of our other equity method investments. Equity in earnings for the six months ended June 30,