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nywhere Real Estate, now under the Compass umbrella, released a concise Q3 earnings update that highlighted continued growth and AI integration. Revenue climbed 6% to $1.6 billion, driven by higher transaction volume, luxury sales, and strong agent retention. CEO Ryan Schneider emphasized the merger with Compass, describing it as a union of two innovative leaders that will create a platform benefiting agents, franchisees, and employees while delivering greater value to buyers and sellers. The deal, announced earlier this year, is slated to close in the second half of 2026 pending approvals.
Schneider also outlined the company’s momentum across multiple growth sectors, emphasizing the transformation of the transaction experience through generative AI. In Q3, Anywhere launched an AI‑powered tool that pulls listing agreements directly into its system, cutting entry time from 10‑15 minutes to 60 seconds. The same technology is being applied to the buy side, turning buyer agreements into an opportunity to promote differentiated services.
CFO Charlotte Simonelli reported ongoing cost‑reduction initiatives, noting $67 million in savings to date and a target of $100 million for 2025. Key financial metrics include: revenue $1.6 billion (+6% YoY), operating EBITDA $100 million (down $8 million due to higher incentive costs), free cash flow $92 million (down $7 million YoY). Closed transaction volume rose 7% YoY, outpacing the National Association of Realtors’ market growth by more than two percentage points. Luxury sales increased 12% YoY, with 345 homes priced at $10 million or more sold—a 30% jump from Q3 2024. Agent retention among the top 50% of producers hit 95%, one of the highest levels recorded. The advisor segment posted a flat operating EBITDA of –$11 million, with a 6% underlying margin excluding intercompany payments. Title and escrow revenue grew 7% YoY, reflecting higher transaction units, while franchise revenue increased 2% YoY, adding 13 new U.S. franchisees and one international expansion.
Other notable developments included former Douglas Elliman CEO Scott Durkin’s return to Corcoran in October, a key luxury brand within Anywhere’s portfolio. Durkin, who spent nearly 27 years at Corcoran before moving to Elliman in 2025, now serves as an associate broker at Corcoran’s East Side office in New York City. Coldwell Banker CEO Kamini Lane defended the brand’s commitment to listing transparency, noting that while private listing strategies may be appropriate in limited circumstances, Compass champions “pre‑marketing” to support seller choice.
