Company: HOUS
Filing Date: 2025-05-07
Form Type: 10-Q
Source: 0001398987-25-000067
Chunk: 99

Company: Anywhere Real Estate Inc.
Filing Date: 2025-05-07
Form: 10-Q
Item: Item 2
Chunk 99
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 EBITDA during the three months ended March 31, 2025 and 2024:

Three Months Ended March 31, 20252024Net loss attributable to Anywhere and Anywhere Group$(78)$(101)Income tax benefit(24)(28)Loss before income taxes(102)(129)Add:  Depreciation and amortization46 55 Interest expense, net36 39 Stock-based compensation (a)5 4 Restructuring costs, net (b)12 11 Impairments (c)6 6 Former parent legacy (benefit) cost, net (d)(3)1 Legal contingencies (e)— — Gain on the sale of businesses, investments or other assets, net(1)— Operating EBITDA$(1)$(13)_______________

(a)Stock-based compensation is a non-cash expense that is based on grant date fair value, which is influenced by the Company's stock price, and recognized over the requisite service period. This expense is primarily related to Corporate and Other.

(b)Restructuring costs include personnel-related, facility-related and other costs related to professional fees and consulting fees. See Note 5, "Restructuring Costs", to the Condensed Consolidated Financial Statements for additional information.

Restructuring charges incurred for the three months ended March 31, 2025 include $7 million at Owned Brokerage Group and $5 million in Corporate and Other. Restructuring charges incurred for the three months ended March 31, 2024 include $1 million at Franchise Group, $6 million at Owned Brokerage Group and $4 million in Corporate and Other.

(c)Non-cash impairments primarily related to leases and other assets.

(d)Former parent legacy items are recorded in Corporate and Other and relate to legacy tax matters.

(e)Represents changes in legal contingencies unrelated to normal operations which currently includes industry-wide antitrust lawsuits and class action lawsuits. Legal contingencies do not include cases that are part of our normal operating activities or legal expenses incurred in the ordinary course of business.

The following table reflects the results of each of our reportable segments and Corporate and Other during the three months ended March 31, 2025 and 2024:

 Revenues (b)$ Change% ChangeOperating EBITDA$ Change% ChangeOperating EBITDA MarginChange2025202420252024 (c)20252024 (c)Franchise Group$204 $200