Company: HOUS
Filing Date: 2025-05-07
Form Type: 10-Q
Source: 0001398987-25-000067
Chunk: 101

Company: Anywhere Real Estate Inc.
Filing Date: 2025-05-07
Form: 10-Q
Item: Item 2
Chunk 101
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 increase in intercompany royalties received from Owned Brokerage Group, a $2 million increase in third-party domestic franchisee royalty revenue driven by a 10% increase in average homesale price, partially offset by a 5% decrease in existing homesale transactions and a decline in the average homesale broker commission rate, and a $1 million increase in brand marketing fund revenue and related expense. The revenue increases were partially offset by a $3 million decrease in revenue from our relocation operations and leads business as a result of lower volume. 

Franchise Group's revenue includes intercompany royalties received from Owned Brokerage Group of $65 million and $61 million during the first quarter of 2025 and 2024, respectively, which are eliminated in consolidation against the expense reflected in Owned Brokerage Group's results.

Operating EBITDA increased $7 million primarily due to the $4 million increase in revenues discussed above, a $2 million decrease in meeting and conference expenses and a $2 million favorable foreign exchange rate impact related to our relocation operations, partially offset by a $1 million increase in brand marketing fund expense discussed above.

Anywhere Advisors—Owned Brokerage Group

Revenues increased $71 million to $990 million and Operating EBITDA increased $12 million to a loss of $47 million for the three months ended March 31, 2025 compared with the same period in 2024.

The revenue increase of $71 million was primarily driven by a 10% increase in homesale transaction volume at Owned Brokerage Group which consisted of a 13% increase in average homesale price, partially offset by a 2% decrease in existing homesale transactions and a decline in the average homesale broker commission rate.

Operating EBITDA increased $12 million primarily due to:

•a $71 million increase in revenues as discussed above; and

•a $4 million decrease in other operating costs primarily related to a decrease in occupancy costs as a result of cost savings initiatives, partially offset by an increase in employee-related costs,

partially offset by:

•a $59 million increase in commission expenses paid to independent sales agents primarily as a result of higher homesale transaction volume described above; and

•a $4 million increase in royalties paid to Franchise Group.

Anywhere Integrated Services—Title Group

Revenues increased $7 million to $78 million and Operating EBITDA decreased $3 million to a loss of $18 million for the three months ended March 31, 2025 compared with the same period in 2024.

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