Company: HOUS
Filing Date: 2025-02-25
Form Type: 10-K
Source: 0001398987-25-000020
Chunk: 14

Company: Anywhere Real Estate Inc.
Filing Date: 2025-02-25
Form: 10-K
Item: Item 7
Chunk 14
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 for the year ended December 31, 2023. Legal contingencies do not include cases that are part of our normal operating activities or legal expenses incurred in the ordinary course of business.

(f)Gain on the early extinguishment of debt is recorded in Corporate and Other. The gain on the early extinguishment of debt relates to the repurchases of Unsecured Notes that occurred during the third quarter of 2024, as well as the debt exchange transactions and open market repurchases that occurred during the third quarter of 2023.

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The following table reflects the results of each of our reportable segments and Corporate and Other during the years ended December 31, 2024 and 2023:

Revenues (b)$ Change% ChangeOperating EBITDA$ Change% ChangeOperating EBITDA MarginChange202420232024202320242023Franchise Group$961 $983 $(22)(2)%$521 $527 $(6)(1)%54%54%— Owned Brokerage Group4,688 4,628 60 1(93)(135)42 31(2)(3)1 Title Group362 340 22 6(13)(16)3 19(4)(5)1 Corporate and Other (a)(319)(315)(4)(b)(125)(121)(4)(3)Total Company$5,692 $5,636 $56 1%$290 $255 $35 14%5%5%— _______________

(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 $319 million and $315 million during the years ended December 31, 2024 and 2023, respectively, and are eliminated in the Corporate and Other line.

As described in the aforementioned table, Operating EBITDA margin for "Total Company" expressed as a percentage of revenues remained flat for the year ended December 31, 2024 compared to the same period in 2023. Franchise Group's margin remained flat primarily due to lower revenue, offset by lower employee-related and other operating costs as a result of cost savings initiatives. Owned Brokerage Group's margin increased 1 percentage point primarily due to cost savings initiatives. Title Group's margin increased 1 percentage point primarily due to an increase in revenue as a