Company: HOUS
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001398987-25-000116
Chunk: 78

Company: Anywhere Real Estate Inc.
Filing Date: 2025-11-05
Form: 10-Q
Item: Item 1
Chunk 78
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4 amounts have been updated to reflect our definition of Operating EBITDA under the heading "Non-GAAP Financial Measures" in this Item 2.

The revenue increase of $82 million was primarily driven by a 6% increase in existing homesale transaction volume at Owned Brokerage Group which consisted of a 5% increase in average homesale price and a 2% increase in existing homesale transactions.

Operating EBITDA remained flat primarily due to a $82 million increase in revenues as discussed above, partially offset by:

•a $69 million increase in commission expenses paid to independent sales agents primarily as a result of higher homesale transaction volume as described above;

•a $7 million increase in employee and other operating costs primarily due to $5 million of higher accruals for employee cash-settled awards which fluctuate with the Company's stock price and reflect its appreciation in the third quarter of 2025 and an increase in employee-related healthcare costs, partially offset by cost savings initiatives; and

•a $4 million net increase in royalties and marketing fees paid to Franchise Group.

Anywhere Integrated Services—Title Group

Three Months Ended September 30, 20252024$ Change% ChangeRevenues$103 $96 7 7 Operating EBITDA (a)$(1)$2 (3)(150)Operating EBITDA Margin(1)%2 %

(a)2024 amounts have been updated to reflect our definition of Operating EBITDA under the heading "Non-GAAP Financial Measures" in this Item 2.

Revenues increased $7 million primarily as a result of a $5 million increase in resale revenue due to a higher average fee per closing unit which was partially offset by a decline in purchase units. Additionally, refinance revenue increased $1 million driven by both an increase in units and a higher average fee per closing unit.

Operating EBITDA decreased $3 million primarily due to a $6 million increase in employee-related and other operating costs, a $3 million increase in variable operating costs due to volume increases and a $1 million decrease in equity in earnings, partially offset by a $7 million increase in revenues discussed above.

Intercompany Eliminations and Unallocated Expenses—Corporate and Other

Three Months Ended September 30, 20252024$ Change% ChangeIntersegment revenues$(90)$(86)(a)Operating EBITDA (b)$(43)$(34)(9)(26)

(a)Includes intercompany royalties and marketing fees paid by Owned Brokerage Group