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nywhere Real Estate Inc. (NYSE: HOUS) reported financial results for the first quarter ended March 31, 2025. The company's president and CEO, Ryan Schneider, stated that Anywhere continues to leverage its unique assets, including scale, high-margin franchise network, luxury leadership, and integrated end-to-end transaction experience, driving differentiated success.
The company generated revenue of $1.2 billion, an increase of $78 million year-over-year, with net loss of $78 million, an improvement of $23 million year-over-year. Adjusted Net Loss improved by $21 million versus the first quarter of 2024. Operating EBITDA loss was $1 million, a $12 million improvement year-over-year.
Closed transaction volume increased 6% year-over-year, with units down about 4% and price up 11%. The company's closed transaction volume increase outperformed the 3% year-over-year market volume growth reported by the National Association of Realtors (NAR) in the quarter. This was driven by luxury success and differential growth in California and New York City.
The company welcomed 11 new US franchisees and added two new international expansions to its high-margin franchise network in the first quarter of 2025. Agent commission splits increased to 80.4%, a 39 basis point year-over-year increase, marking the 12th consecutive quarter above 80%.
Anywhere Real Estate Inc. expects to realize cost savings of approximately $100 million in 2025, which will be offset by inflationary pressures and investments. The company estimates Operating EBITDA for full-year 2025 to be about $350 million, with the largest variable being the performance of the housing market.
The company's Senior Secured Leverage Ratio was 1.51x at March 31, 2025, and its Net Debt Leverage Ratio was 7.2x. Anywhere Real Estate Inc. is reaffirming its commitment to doing what's best for consumers, starting with advocating for transparency, consumer choice, and the broad public distribution of real estate listings.
The company will hold a conference call on April 29 at 8:30 a.m. (ET) to review Q1 2025 results and provide a business update.
