Overview

* Anywhere Q3 revenue increased 6% to $1.6 bln, missing analyst expectations

* Net loss for Q3 was $13 mln, a decline of $20 mln yr/yr

* Anywhere announces merger with Compass, closing expected in 2026

Outlook

* Company suspends forward guidance due to proposed merger with Compass

* Anywhere Real Estate expects merger with Compass to close in H2 2026

* Company on track to achieve $100 mln in cost savings for 2025

Result Drivers

* TRANSACTION VOLUME - Closed transaction volume increased 7% yr/yr, outperforming market growth by over 2 percentage points

* LUXURY SEGMENT - Luxury brands like Coldwell Banker Global Luxury and Sotheby's International Realty saw a 12% increase in closed transaction volume

* COST SAVINGS - Achieved $28 mln in cost savings in Q3, on track for $100 mln in 2025

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Miss $1.60 $1.64

Revenue bln bln (2

Analysts

)

Q3 Net -$13 mln

Income

Q3 $100 mln

EBITDA

Analyst Coverage

* The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy", 3 "hold" and no "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 ( HOUS ) is $11.00, about 7.4% above its November 3 closing price of $10.19

Press Release:

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(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.)