Anywhere Real Estate Inc. reported its financial results for the third quarter ended September 30, 2024, on November 7, 2024. The company announced net income attributable to Anywhere of $7 million, a 95% decrease from $129 million in Q3 2023.
Earnings per share also saw a substantial decline, falling to $0.06 from $1.17 in the prior year's third quarter. Revenue for the quarter was $1.535 billion, a 3% decrease from $1.584 billion in Q3 2023, while Operating EBITDA decreased by 12% to $94 million.
Despite the declines in net income and revenue, the company's combined homesale transaction volume remained flat compared to Q3 2023. Anywhere also reported $99 million in Free Cash Flow, a 4% increase year-over-year, and reaffirmed its expectation to realize $120 million in cost savings for the full year 2024.
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