XML 20 R2.htm IDEA: XBRL DOCUMENT v3.25.2
Condensed Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Revenues [Abstract]        
Net revenues $ 1,682 $ 1,669 $ 2,886 $ 2,795
Expenses        
Commission and other agent-related costs 1,117 1,108 1,902 1,834
Operating 303 285 580 558
Marketing 49 47 93 92
General and administrative 89 93 192 192
Former parent legacy cost (benefit), net 1 1 (2) 2
Restructuring costs, net [1] 12 7 24 18
Impairments 0 2 6 8
Depreciation and amortization 49 48 95 103
Interest expense, net 36 40 72 79
Gain on the early extinguishment of debt (2) 0 (2) 0
Other income, net (4) 0 (5) (1)
Total expenses 1,650 1,631 2,955 2,885
Income (loss) before income taxes, equity in earnings and noncontrolling interests 32 38 (69) (90)
Income tax expense (benefit) 9 11 (15) (17)
Income (Loss) from Equity Method Investments (5) (3) (4) (2)
Net income (loss) 28 30 (50) (71)
Less: Net income attributable to noncontrolling interests (1) 0 (1) 0
Net income (loss) attributable to Anywhere and Anywhere Group $ 27 $ 30 $ (51) $ (71)
Earnings (loss) per share attributable to Anywhere shareholders:        
Basic earnings (loss) per share $ 0.24 $ 0.27 $ (0.46) $ (0.64)
Diluted earnings (loss) per share $ 0.24 $ 0.27 $ (0.46) $ (0.64)
Weighted average common and common equivalent shares of Anywhere outstanding:        
Basic 111.9 111.2 111.7 110.9
Diluted 114.1 111.9 111.7 110.9
Gross commission income        
Revenues [Abstract]        
Net revenues [2] $ 1,381 $ 1,376 $ 2,357 $ 2,283
Service revenue        
Revenues [Abstract]        
Net revenues [3] 167 159 292 278
Franchise fees        
Revenues [Abstract]        
Net revenues [4] 101 101 174 171
Other        
Revenues [Abstract]        
Net revenues [5] $ 33 $ 33 $ 63 $ 63
[1] Restructuring charges for the three months ended June 30, 2025 include $11 million of expense related to Reimagine25 and $1 million of expense related to prior restructuring plans. Restructuring charges for the three months ended June 30, 2024 include $7 million of expense related to prior restructuring plans.
Restructuring charges for the six months ended June 30, 2025 include $19 million of expense related to Reimagine25 and $5 million of expense related to prior restructuring plans. Restructuring charges for the six months ended June 30, 2024 include $18 million of expense related to prior restructuring plans.
[2] Gross commission income at Owned Brokerage Group is recognized at a point in time at the closing of a homesale transaction
[3] Service revenue primarily consists of title and escrow fees at Title Group and are recognized at a point in time at the closing of a homesale transaction. Service revenue at Franchise Group includes relocation fees, which are recognized as revenue when or as the related performance obligation is satisfied dependent on the type of service performed, and fees related to leads and related services, which are recognized at a point in time at the closing of a homesale transaction or at the completion of the related service.
[4] Franchise fees at Franchise Group primarily include domestic royalties which are recognized at a point in time when the underlying franchisee revenue is earned (upon close of the homesale transaction).
[5] Other revenue is comprised of brand marketing funds received from franchisees at Franchise Group and other miscellaneous revenues across all of the business segments.