Revenue and Operating EBITDA Performance
Anywhere Real Estate reported $1.7 billion in revenue, marking a 1% increase year-over-year. Operating EBITDA for Q2 was $133 million, indicating the strength and resilience of their model.
Strong Performance in Luxury Segment
The luxury segment, including Sotheby's International Realty and others, delivered 3.5% year-over-year volume growth in Q2 and 8% growth for the first half. Sales of homes priced $10 million or higher increased by 20%.
Agent Recruitment and Retention Success
The company recruited 625 productive agents in Q2 and achieved about 95% retention among the top half of producing agents, showing strong momentum in agent recruitment and retention.
Geographic Performance and Market Variability
New York City outperformed with double-digit growth in both units and price, while Florida faced challenges with a volume decline. The variation indicates strong performance in some key markets.
AI-Driven Innovations
Anywhere is leveraging AI to enhance operational efficiency and customer experience, including implementing AI in brokerage transaction processing and launching AI-generated tools for agents.