Company: HOUS
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001398987-25-000116
Chunk: 141

Company: Anywhere Real Estate Inc.
Filing Date: 2025-11-05
Form: 10-Q
Item: Item 8
Chunk 141
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 of merger-related costs for the three months ended September 30, 2025. See Note 5, "Restructuring and Merger-Related Costs", to the Condensed Consolidated Financial Statements for additional information.

(c)Represents changes in legal contingencies unrelated to normal operations which currently includes industry-wide antitrust lawsuits and class action lawsuits included in Corporate and Other for the three months ended September 30, 2024. Legal contingencies do not include cases that are part of our normal operating activities or legal expenses incurred in the ordinary course of business.

(d)Gain on the early extinguishment of debt is recorded in Corporate and Other and relates to the repurchases of Unsecured Notes that occurred during the third quarter of 2024.

(e)Operating EBITDA Margin is defined as Operating EBITDA as a percentage of revenues.

39

Net revenues increased $91 million or 6% for the three months ended September 30, 2025 compared to the three months ended September 30, 2024 driven by an increase in revenue at Owned Brokerage Group due to higher homesale transaction volume.

Total expenses increased $111 million or 7% for the third quarter of 2025 compared to the third quarter of 2024 primarily due to:

•a $69 million increase in commission and other sales agent-related costs as a result of higher homesale transaction volume at Owned Brokerage Group; and

•a $19 million increase in operating and general and administrative expenses primarily attributable to a $16 million increase in expense related to employee cash-settled awards that fluctuate with the Company's stock price and reflect its appreciation in the third quarter of 2025 and higher employee-related healthcare costs, partially offset by cost savings initiatives.

The Company incurred $14 million of restructuring and merger-related costs during the third quarter of 2025 compared to $6 million of costs during the third quarter of 2024. See Note 5, "Restructuring and Merger-Related Costs", in the Condensed Consolidated Financial Statements for additional information.

The Company's provision for income taxes in interim periods is computed by applying its estimated annual effective tax rate against the income or loss before income taxes for the period. In addition, non-recurring or discrete items are recorded in the period in which they occur. The provision for income taxes was zero for the three months ended September 30, 2025 compared to an expense of $2 million for the three months ended September 30, 2024.

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