Anywhere Real Estate Reports $1.7B Revenue in Q2

By Hao Liu • Tuesday, July 29 15:39 • Permanent Link

Anywhere Real Estate Inc. has reported its financial results for the second quarter ending June 30, 2025. The company's revenue for the quarter was $1.7 billion, showing a $13 million increase compared to the same period in 2024. Net income attributable to Anywhere was reported at $27 million, marking a $3 million improvement from the previous year. Adjusted net income, however, decreased by $4 million year-over-year, standing at $36 million for the second quarter of 2025.

Operating EBITDA for the quarter was reported at $133 million, showing a decrease of $10 million from the second quarter of 2024. The company also highlighted its improved financial flexibility achieved through a $500 million bond issuance, with no significant note maturities until 2029.

In terms of closed transaction volume, Anywhere reported flat performance year-over-year, with a 4% decrease in units and a 4% increase in price. The luxury segment, including brands such as Coldwell Banker Global Luxury, Corcoran, and Sotheby’s International Realty, outperformed the market with a 3.5% increase in closed transaction volume.

The company reported welcoming 13 new US franchisees and adding three new international expansions to its high-margin franchise network in the second quarter. Additionally, Anywhere realized cost savings of $25 million during the quarter and is on track to deliver $100 million in cost savings for the full year 2025.

However, the company reported negative free cash flow of $5 million for the second quarter of 2025, including a one-time $41 million payment for a legacy tax matter and a $25 million unfavorable impact from securitization timing.

Looking ahead, Anywhere expects to realize cost savings of approximately $100 million in 2025, which may be offset by inflationary pressures and investments. The company anticipates operating EBITDA for the full year 2025 to be around $350 million, with free cash flow, excluding one-time items, expected to be approximately $70 million. The one-time items consist of three payments, including a $41 million legacy tax matter payment, an approximately $20 million payment for the settlement of the company's TCPA litigation, and a final $54 million payment towards its antitrust litigation settlement, expected to occur in late 2025 or early 2026.

Today the company's shares have moved 10.34% to a price of $5.175. Check out the company's full 8-K submission here.

The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.