Company: HOUS
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001398987-25-000116
Chunk: 178

Company: Anywhere Real Estate Inc.
Filing Date: 2025-11-05
Form: 10-Q
Item: Item 2
Chunk 178
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 of services offered by each segment. Management's evaluation of individual reportable segment performance centers on two key metrics: revenue and Operating EBITDA.

Operating EBITDA is 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 and merger-related costs, 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.

38

Three Months Ended September 30, 2025 vs. Three Months Ended September 30, 2024

The following table reflects our consolidated results and a non-GAAP reconciliation of Net (loss) income attributable to Anywhere and Anywhere Group to Operating EBITDA during the three months ended September 30, 2025 and 2024:

Three Months Ended September 30, 20252024ChangeNet revenues$1,626 $1,535 $91 Total expenses1,643 1,532 111 (Loss) income before income taxes, equity in earnings and noncontrolling interests(17)3 (20)Income tax expense— 2 (2)Equity in earnings of unconsolidated entities(4)(6)2 Net (loss) income(13)7 (20)Less: Net income attributable to noncontrolling interests— — — Net (loss) income attributable to Anywhere and Anywhere Group$(13)$7 $(20)

Three Months Ended September 30, 20252024ChangeNon-GAAP Reconciliation - Operating EBITDA:Net (loss) income attributable to Anywhere and Anywhere Group$(13)$7 $(20)