Company: HOUS
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001398987-25-000116
Chunk: 181

Company: Anywhere Real Estate Inc.
Filing Date: 2025-11-05
Form: 10-Q
Item: Item 2
Chunk 181
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DA under the heading "Non-GAAP Financial Measures" in this Item 2.

Revenues increased $6 million primarily due to a $5 million increase in intercompany royalties received from Owned Brokerage Group, a $4 million increase in third-party domestic franchisee royalty revenue and a $2 million increase in international revenue, partially offset by a $3 million decrease in other franchise revenue primarily related to the timing of registration fees for meetings and conferences and a $2 million decrease in brand marketing fund revenue and related expense. The increase in third-party domestic royalty revenue was driven by a 5% increase in average homesale price and a 2% increase in existing homesale transactions. Revenue from our relocation operations and leads business remained flat for the three months ended September 30, 2025 compared to the same period in 2024.

Operating EBITDA increased $4 million primarily due to the $6 million increase in revenues discussed above, a $5 million decrease in meetings and conferences expenses due to timing and a $2 million decrease in brand marketing fund expense discussed above, partially offset by a $7 million increase in employee and other operating costs and a $2 million unfavorable foreign exchange rate impact related to our relocation operations. Employee and other operating costs increased 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.

Anywhere Advisors—Owned Brokerage Group

Three Months Ended September 30, 20252024$ Change% ChangeRevenues$1,340 $1,258 82 7 Operating EBITDA (a) (b)$(11)$(11)— — Operating EBITDA Margin(1)%(1)%

40

(a)Operating EBITDA includes intercompany royalties and marketing fees paid to Franchise Group of $90 million and $86 million during the third quarter of 2025 and 2024, respectively, which are eliminated in consolidation.

(b)2024 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