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Real estate franchisor Anywhere grew revenue by 7 percent year over year during the first quarter of 2025, hitting $1.2 billion in a solid start to the year as luxury continued to drive the company’s performance.
Quarterly revenue was down slightly from fourth-quarter 2024 revenue of $1.4 billion. The company’s net loss was $78 million during the first quarter of 2025, an improvement of $23 million on an annual basis. Adjusted net loss was $64 million, improved by $21 million from the previous year.
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Transaction volume also increased 6 percent annually, with units down about 4 percent and price up about 11 percent. This figure bested the National Association of Realtors’ 3 percent annual market volume growth, Anywhere noted. Transaction volume was boosted largely by the success of the franchisor’s luxury brands and growth in California and New York City.
“Anywhere continues to prove the advantage of our unique assets, including our unmatched scale, high-margin franchise network, luxury leadership, and integrated end-to-end transaction experience,” Anywhere President and CEO Ryan Schneider said in a statement. “Those assets are driving differentiated success today and help fuel our growth and transformation as we look to the future.”
The previous quarter, Anywhere announced that it had grown revenue, improved quarterly net losses on an annual basis and increased closed transaction volume by 13 percent year over year. During the fourth quarter of 2024, Anywhere increased revenue by $112 million year over year to $1.4 billion.
“Anywhere is on offense, seizing opportunities to fortify our market-leading position today while making smart moves to transform our operations, accelerate our strategic momentum, and build on our financial progress,” added Anywhere Executive Vice President, Chief Financial Officer and Treasurer Charlotte Simonelli.
Coldwell Banker Global Luxury, Corcoran and Sotheby’s International Realty outperformed the market during the first quarter, with closed transaction volume up about 16 percent on an annual basis.
Anywhere added 11 new U.S.-based franchisees during the first quarter and two new international franchisees.
Agent commission splits rose 39 basis points year over year to 80.4 percent.
The company realized $14 million in cost savings during Q1 2025 and said it is on track to realize cost savings of $100 million for the full year.
Anywhere added that it would be making three one-time payments during 2025 that will add up to about $115 million, the first $54 million of which will be the final payment toward its antitrust litigation settlement.
Anywhere, which was one of the first major real estate companies to settle its part in the commission lawsuits, paid $10 million toward the settlement in Q4 2023 and another $20 million in Q2 2024.
The franchisor’s second payment of $41 million will go toward addressing a 1999 Cendant legacy tax issue and the third payment will be a roughly $20 million payment for the January 2025 settlement of the Company’s Telephone Consumer Protection Act (TCPA) litigation, which is still subject to final court approval.
Schneider also addressed recent industry changes, including NAR’s new Delayed Marketing Exempt Listings option and Zillow and Redfin’s choices not to display listings on their portals that have previously been marketed privately.
“Anywhere Real Estate is aggressively advocating for transparency and the broad public distribution of all listings,” Schneider said during an investors call on Tuesday, adding that starting listings as private was not a winning strategy.
“We remain committed to doing what’s right for buyers and sellers which … starts with advocacy, consumer choice and the broad distribution of public listings.”
He added that Anywhere will continue to build out private listing networks within its brands because of industry trends in this direction, but believes that private listings, ultimately, disadvantage both buyers and sellers, even though they respect the wishes of those sellers who choose to list privately. Simonelli likewise added that from a financial standpoint, marketing listings publicly to the widest possible audience made the most sense for the business.
When asked about recent economic volatility and its impact on Anywhere’s performance, Schneider said that, thus far in April, there had not been a significant change to Days on Market or contract cancellation rates. Low inventory and high home prices are continuing trends, however. “But it is pretty volatile out there, so we’re watching it closely and not extrapolating too far,” Schneider said.
Schneider added that Anywhere had proven its ability to deliver results during a tough housing market and said the franchisor is “ready to charge ahead” moving further into 2025.
