Company: HOUS
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001398987-25-000108
Chunk: 120

Company: Anywhere Real Estate Inc.
Filing Date: 2025-08-08
Form: 10-Q
Item: Item 2
Chunk 120
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61 %60 %1 Owned Brokerage Group1,398 1,393 5 — — 4 (4)*— — — Title Group108 103 5 5 10 9 1 11 9 9 — Corporate and Other (a)(93)(92)(1)(b)(40)(29)(11)(38)Total Company$1,682 $1,669 $13 1 %$133 $143 $(10)(7)%8 %9 %(1)_______________     

(a)Corporate and Other includes the Company's intersegment revenues which are eliminated and various unallocated corporate expenses.

(b)Revenues include the elimination of transactions between segments, which consists of intercompany royalties and marketing fees paid by Owned Brokerage Group of $93 million and $92 million during the three months ended June 30, 2025 and 2024, respectively, and are eliminated in the Corporate and Other line.

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

As described in the aforementioned table, Operating EBITDA margin for "Total Company" expressed as a percentage of revenues decreased 1 percentage point for the three months ended June 30, 2025 compared to the same period in 2024. Franchise Group's margin increased 1 percentage point primarily due to a favorable foreign exchange rate impact related to our relocation operations, partially offset by higher employee-related healthcare costs. Owned Brokerage Group's margin and Title Group's margin both remained flat.

Corporate and Other Operating EBITDA for the three months ended June 30, 2025 declined $11 million to a loss of $40 million primarily attributable to $5 million of higher employee-related costs and $6 million of other various expenses.

Anywhere Brands—Franchise Group

Revenues increased $4 million to $269 million and Operating EBITDA increased $4 million to $163 million for the three months ended June 30, 2025 compared to the same period in 2024.

Revenues increased $4 million during the second quarter of 2025 as compared to the second quarter of 2024 primarily due to a $3 million increase in revenue from our relocation operations as a result of higher volume, a $1 million increase in intercompany royalties received from Owned Brokerage Group and a $1 million increase