Company: HOUS
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001398987-25-000108
Chunk: 87

Company: Anywhere Real Estate Inc.
Filing Date: 2025-08-08
Form: 10-Q
Item: Item 8
Chunk 87
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 (2)Less: Net income attributable to noncontrolling interests(1)— (1)Net income attributable to Anywhere and Anywhere Group$27 $30 $(3)

Net revenues increased $13 million or 1% for the three months ended June 30, 2025 compared to the three months ended June 30, 2024 driven by increases in revenue at Owned Brokerage Group, Title Group and Franchise Group.

Total expenses increased $19 million or 1% for the second quarter of 2025 compared to the second quarter of 2024 primarily due to a $14 million increase in operating and general and administrative expenses primarily attributable to higher employee-related healthcare costs and a $9 million increase in commission and other sales agent-related costs at Owned Brokerage Group.

Equity in earnings were $5 million for the three months ended June 30, 2025 compared to earnings of $3 million during the same period of 2024. Equity in earnings for the three months ended June 30, 2025 consisted of $2 million of earnings for Guaranteed Rate Affinity and $3 million of earnings for the operations of our other equity method investments. Equity in 

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earnings for the three months ended June 30, 2024 consisted of $1 million of earnings for the Title Insurance Underwriter Joint Venture and $2 million of earnings for the operations of our other equity method investments.

The Company incurred $12 million of restructuring costs during the second quarter of 2025 compared to $7 million of costs during the second quarter of 2024. See Note 5, "Restructuring Costs", in the Condensed Consolidated Financial Statements for additional information. During the second quarter of 2025, we realized cost savings of $25 million and $39 million year-to-date, of which approximately half (in both cases) is related to specific restructuring activities.

The Company's provision for income taxes in interim periods is computed by applying its estimated annual effective tax rate against the income or loss before income taxes for the period. In addition, non-recurring or discrete items are recorded in the period in which they occur. The provision for income taxes was an expense of $9 million for the three months ended June 30, 2025 compared to an expense of $11 million for the three months ended June 30, 2024.

The following table reflects a non-GAAP reconciliation of Net income attributable to Anywhere and Anywhere Group to Operating EBITDA during the