#United States #Madison #Anywhere Real Estate #Ryan Schneider #NYSE HOUS

Anywhere Real Estate Inc. Reports Positive First Quarter 2025 Performance

Madison, NJ - April 29, 2025 - Anywhere Real Estate Inc. (NYSE: HOUS), a leading global firm in residential real estate services, has unveiled its financial results for the first quarter ending March 31, 2025. Despite facing challenges in the current housing market, the company demonstrated resilience and strategic growth.

Key Financial Figures Highlighted
The results showed a revenue generation of $1.2 billion, representing an impressive increase of $78 million from the same period last year. This growth was attributed to a combination of improved housing prices and successful transactions in the luxury market.

Although the company faced a net loss of $78 million, it reflects an improvement of $23 million year-over-year, indicating better operational efficiency and cost management. The adjusted net loss of $64 million also improved significantly compared to the previous year's results, showcasing the company's ongoing transformation efforts.

CEO Commentary
Ryan Schneider, President and CEO of Anywhere, expressed confidence in the company's strategy. He noted, “Anywhere continues to leverage our unique assets, including unmatched scale and an integrated transaction experience. These strengths are critical in driving our differentiated success.”

Charlotte Simonelli, the CFO, emphasized the company's commitment to enhancing consumer transparency and choice within the real estate market. This focus aims to help consumers achieve the best pricing on their homes, highlighting the company's consumer-centric approach.

Market Position and Transaction Volume
The firm reported a 6% year-over-year increase in combined closed transaction volume. While the number of transaction units saw a downturn of about 4%, the average selling price climbed by 11%, underscoring the success in high-end market segments. Notably, Anywhere's closed luxury transactions increased by a remarkable 16% year-over-year, driven largely by the strength of its Coldwell Banker Global Luxury, Sotheby’s International Realty, and Corcoran brands.

Franchise Growth and Cost Efficiency
During this quarter, Anywhere welcomed 11 new U.S. franchisees and expanded its intemational footprint with two new franchises. Benefiting from high-margin franchises, the company achieved agent commission splits totaling 80.4%, maintaining a consistent level for 12 consecutive quarters.

Efforts to enhance cost efficiency resulted in savings amounting to $14 million, aligning the company on track to achieve a targeted $100 million in savings for the entire 2025 fiscal year.

Challenges and Strategic Adjustments for 2025
Looking ahead, Anywhere acknowledges that continued housing market pressures, inflation, and challenges related to consumer preferences may impact performance. The company’s leadership is committed to navigating these obstacles by implementing strategic initiatives designed to enhance operational momentum and drive future growth.

“We aim to fortify our market leadership through smart operational transformations while remaining responsive to evolving conditions in the residential real estate landscape,” Schneider stated.

Outlook and Future Expectations
As Anywhere anticipates its second quarter results, it expects performance reminiscent of the previous year’s figures.The organization remains optimistic about its Free Cash Flow trajectory and ongoing investments in technology to further optimize operations.

Corporate Responsibility
For the 14th consecutive year, Anywhere was recognized as one of the World's Most Ethical Companies, reflecting its commitment to integrity and ethical business practices across its operations.

For more information about Anywhere Real Estate Inc. or to access the full financial results, please visit their investor relations website.

Conclusion

Overall, Anywhere Real Estate Inc.'s first quarter results showcase its strong position in the market, aiming to capitalize on growth opportunities while addressing existing challenges in the industry. As it moves forward, the company is determined to uphold its commitment to stakeholder value and ethical corporate governance.