Company: HOUS
Filing Date: 2025-02-25
Form Type: 10-K
Source: 0001398987-25-000020
Chunk: 220

Company: Anywhere Real Estate Inc.
Filing Date: 2025-02-25
Form: 10-K
Item: Item 1
Chunk 220
---
 compared to 2023. These decreases in revenue were partially offset by a $3 million increase in intercompany royalties received from Owned Brokerage Group, a $2 million increase in international and other franchise revenue and a $1 million increase in third-party domestic franchisee royalty revenue driven by an 8% increase in average homesale price, partially offset by a 3% decrease in existing homesale transactions and a decline in the average homesale broker commission rate.

Franchise Group's revenue includes intercompany royalties received from Owned Brokerage Group of $304 million and $301 million during the years ended December 31, 2024 and 2023, respectively, which are eliminated in consolidation against the expense reflected in Owned Brokerage Group's results.

58

Operating EBITDA decreased $6 million primarily due to the $22 million decrease in revenues discussed above and a $4 million unfavorable foreign exchange rate impact related to our relocation operations, partially offset by a $13 million decrease in employee-related and other operating costs primarily as a result of cost savings initiatives and a $7 million decrease in brand marketing fund expense discussed above.

Anywhere Advisors—Owned Brokerage Group

Revenues increased $60 million to $4,688 million and Operating EBITDA increased $42 million to a loss of $93 million for the year ended December 31, 2024 compared with 2023.

The revenue increase of $60 million was primarily driven by a 4% increase in homesale transaction volume at Owned Brokerage Group which consisted of a 7% increase in average homesale price, partially offset by a 4% decrease in existing homesale transactions and a decline in the average homesale broker commission rate.

Operating EBITDA increased $42 million primarily due to:

•a $60 million increase in revenues as discussed above;

•a $24 million decrease in other operating costs primarily related to a decrease in occupancy costs and employee-related costs as a result of cost savings initiatives;

•a $12 million decrease in marketing expense as a result of cost savings initiatives; and

•a $3 million improvement in equity in earnings,

partially offset by:

•a $54 million increase in commission expenses paid to independent sales agents primarily as a result of higher homesale transaction volume as discussed above; and

•a $3 million increase in royalties paid to Franchise Group.

Anywhere Integrated Services—Title Group

Revenues increased $22 million to $362 million and Operating EBITDA increased $3 million to a loss of $13 million for the