Anywhere Real Estate's Q2 revenue rises to $1.7 bln

Anywhere Real Estate

29/07/2025 12:43

Overview

Anywhere Q2 revenue rises to $1.7 bln, missing analyst expectations

Net income for Q2 improves by $3 mln year-over-year

Co issued $500 mln in new debt, enhancing financial flexibility

Outlook

Company expects 2025 Operating EBITDA to be about $350 mln

Company anticipates $100 mln in cost savings for 2025

Company projects 2025 Free Cash Flow, excluding one-time items, at $70 mln

Result Drivers

LUXURY BRAND PERFORMANCE - Coldwell Banker Global Luxury, Corcoran, and Sotheby's International Realty brands outperformed market with 3.5% increase in closed transaction volume

COST SAVINGS - Achieved $25 mln in cost savings in Q2, on track for $100 mln in savings for full yr

FRANCHISE EXPANSION - Welcomed 13 new US franchisees and added three international expansions in Q2

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Miss
$1.70 bln
$1.71 bln (2 Analysts)
Q2 EPS
$0.24
Q2 Adjusted Net Income
$36 mln
Q2 Net Income
$27 mln
Q2 EBITDA
$133 mln


Analyst Coverage

The current average analyst rating on the shares is "sell" and the breakdown of recommendations is no "strong buy" or "buy", 1 "hold" and 2 "sell" or "strong sell"

The average consensus recommendation for the real estate services peer group is "buy."

Wall Street's median 12-month price target for Anywhere Real Estate Inc is $3.75, about 25.1% below its July 28 closing price of $4.69

The stock recently traded at 38 times the next 12-month earnings vs. a P/E of 16 three months ago

Press Release: ID:nPn3FDKjya

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)