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Mar 31, 2025
Anywhere Real Estate Q1 2025 Earnings Report
Reported financial results for the first quarter ended March 31, 2025
Key Takeaways
Anywhere Real Estate Inc. reported a 7% increase in revenue to $1.2 billion in the first quarter of 2025 compared to the prior year, driven by increased transaction volume and average homesale prices. The company significantly improved its net loss and adjusted net loss year-over-year and showed a substantial improvement in Operating EBITDA loss.
Revenue increased by $78 million year-over-year to $1.2 billion.
Net Loss improved by $23 million year-over-year to $78 million.
Operating EBITDA loss improved by $12 million year-over-year to $1 million.
Combined closed transaction volume increased 6% year-over-year, with average price up 11% and units down about 4%.
Revenue by Segment
Forward Guidance
The company expects to realize cost savings of approximately $100 million in 2025, partially offset by inflation and investments. Operating EBITDA for full year 2025 is estimated at $350 million, with Q2 2025 Operating EBITDA expected to be similar to Q2 2024. Free Cash Flow excluding one-time items is expected to be similar to 2024, with approximately $115 million in estimated one-time payments for litigation settlements and a legacy tax matter.
Positive Outlook
- Expect to realize cost savings of approximately $100 million in 2025.
- Operating EBITDA for full year 2025 estimated at $350 million.
- Operating EBITDA for Q2 2025 expected to be similar to Q2 2024.
- Free Cash Flow excluding one-time items expected to be similar to 2024.
- On track to deliver $100 million in cost savings for full year 2025.
Challenges Ahead
- Cost savings in 2025 expected to be offset in part by inflationary pressures.
- Cost savings in 2025 expected to be offset in part by investments.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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