Company: HOUS
Filing Date: 2025-05-07
Form Type: 10-Q
Source: 0001398987-25-000067
Chunk: 72

Company: Anywhere Real Estate Inc.
Filing Date: 2025-05-07
Form: 10-Q
Item: Item 8
Chunk 72
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 a non-GAAP financial measure and is defined as net income (loss) adjusted for depreciation and amortization, interest expense, net (excluding relocation services interest for securitization assets and securitization obligations), income taxes, and certain non-core items. Non-core items include non-cash stock-based compensation, restructuring charges, impairments, former parent legacy items, legal contingencies unrelated to normal operations which currently includes industry-wide antitrust lawsuits and class action lawsuits, gains or losses on the early extinguishment of debt, and gains or losses on discontinued operations or the sale of businesses, investments or other assets. Operating EBITDA Margin is defined as Operating EBITDA as a percentage of revenues. 

Our presentation of Operating EBITDA may not fully align with similar measures employed by other entities. Variations may arise due to differences in the inclusion or exclusion of specific items and the interpretation of non-core elements within the calculation.

Our results of operations should be read in conjunction with our other disclosures in this Item 2. including under the heading Current Business and Industry Trends.

Three Months Ended March 31, 2025 vs. Three Months Ended March 31, 2024

Our consolidated results comprised the following:

 Three Months Ended March 31,  20252024ChangeNet revenues$1,204 $1,126 $78 Total expenses1,305 1,254 51 Loss before income taxes, equity in losses and noncontrolling interests(101)(128)27 Income tax benefit(24)(28)4 Equity in losses of unconsolidated entities1 1 — Net loss(78)(101)23 Less: Net income attributable to noncontrolling interests— — — Net loss attributable to Anywhere and Anywhere Group$(78)$(101)$23 

Net revenues increased $78 million or 7% for the three months ended March 31, 2025 compared to the three months ended March 31, 2024 primarily driven by an increase in revenue at Owned Brokerage Group due to higher homesale transaction volume.

Total expenses increased $51 million or 4% for the first quarter of 2025 compared to the first quarter of 2024 primarily due to a $59 million increase in commission and other sales agent-related costs as a result of higher homesale transaction volume at Owned Brokerage Group.

During the first quarter of 2025, we realized cost savings of $14 million of which approximately half