Anywhere will be ready if private listings gain ground, CEO says 

Anywhere CEO Ryan Schneider continues to express support for getting listings in front of as many people as possible — but he's also playing defense.

During the company's Q1 earnings call on April 29, Schneider said Anywhere will extend the private listing capabilities of its owned brokerages to its franchise brands by midyear "so that we're never at a competitive disadvantage if private listings really do become more prevalent out there in the industry."

To be clear, Schneider added, he believes in "aggressively advocating" for buyers and sellers, and he said he supports Zillow and Redfin in their decisions to exclude certain private listings from their search portals.

"The more listings I can do exclusively, my brokerage makes more money. But you know, that may not be the best thing for the customer," Schneider said. "I think if you don't do the best thing for the customer in the long term, businesses get into real trouble that way, as do industries."

What Anywhere had to say

On its Q1 performance: The company's revenue is increasing, and continued cost cutting has helped the bottom line, though Anywhere is still in the red overall. "We delivered $14 million of cost savings in Q1 and continue to target full year 2025 cost savings of $100 million, reinforcing our commitment to permanently lowering our cost base and enhancing our earnings power," Scheider said. 

On private listings: Anywhere has a significant luxury business and sells some private listings today, though Schneider declined to specify how many. That's right for some niche cases, he said, but "the best thing for almost everybody is broad distribution of your listings, because that's how you get the best price." 

On attracting agents: Anywhere's stance on listings has helped the company's recruiting and retention efforts, Schneider said, noting that Anywhere added 650 producing agents in the first quarter. "It's the way people want to do business."

On mergers, acquisitions and private money: "I find it interesting that the biggest deals have been around building that end-to-end capability, something we've been working on for a while," Schneider said. He also sees the private equity investment in Keller Williams as "a positive signal" that the real estate industry remains strong despite the turmoil it has experienced.

Key numbers

Revenue: $1.2 billion in Q1 2025, an increase of $78 million, or 7%, compared to the same period a year ago.

Cash and cash equivalents: $110 million, versus $118 at the end of the fourth quarter. Free cash flow, meanwhile, was negative $130 million — an improvement over the negative $145 million at the same time last year.

Net income/loss: A net loss of $78 million, down from a $101 million net loss in Q1 of 2024. Adjusted net loss was $64 million, better than last year by $21 million.

Operating EBITDA (earnings before interest, taxes, depreciation and amortization): A loss of $1 million versus a $13 million loss in Q1 2024.

Transactions: The company's combined sales volume from closed transactions increased 6% year-over-year, with Anywhere attributing the jump to strength in California and New York City luxury markets. While transaction sides dropped by about 4%, that was offset by an 11% increase in average home sale prices.

• Anywhere franchise brands (Coldwell Banker, Sotheby's International Realty, Corcoran, Century 21, ERA, Better Homes and Gardens Real Estate) closed 137,089 transaction sides, down 5% year-over-year, with an average home price of $516,999 (up 10%).

• Anywhere Advisors (owned brokerage group) closed 49,461 sides, down 2% year-over-year, with an average home price of $799,750 (up 13%).

Agent count: The company said it had more than 300,000 agents globally but did not break out the numbers by region. Agent commission splits, meanwhile, increased to 80.4%, marking the 12th consecutive quarter with splits of about 80% and highlighting the competitive recruiting environment.