Company: HOUS
Filing Date: 2025-05-07
Form Type: 10-Q
Source: 0001398987-25-000067
Chunk: 75

Company: Anywhere Real Estate Inc.
Filing Date: 2025-05-07
Form: 10-Q
Item: Item 8
Chunk 75
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 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 

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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 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