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%.
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.
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