ANYWHERE REAL ESTATE INC. REPORTS FULL YEAR 2023 FINANCIAL RESULTS

MADISON, N.J., Feb. 15, 2024

"Anywhere demonstrated our leadership strength in 2023, driving meaningful results in a tough real estate market," said Ryan Schneider, Anywhere president and CEO. "In a potentially improving housing market, we are excited to build on our competitive advantages, accelerate our strategic agenda, and deliver even greater value to Anywhere affiliated agents, franchisees, and shareholders in the year ahead."

"In 2023, Anywhere achieved differentiated results, generating significant Operating EBITDA and free cash flow, reducing debt and over-delivering on our savings target, mitigating litigation risk, and prudently managing our cash," said Charlotte Simonelli, Anywhere executive vice president, chief financial officer, and treasurer. "We continue to execute on our controllables as we drive efficiencies and prioritize investing for growth to set Anywhere up for an even stronger future."

Full Year 2023 Highlights

• Generated Revenue of $5.6 billion, a decrease of 18% year-over-year, largely impacted by homesale transaction volume declines versus prior year of 19%.
• Reported Net loss of $97 million.
• Operating EBITDA of $200 million, meaningfully impacted by approximately $50 million of litigation reserves (See Table 5b).
• Reduced debt by $308 million through successful debt exchanges, open market bond repurchases and repayment of a portion of our revolver balance.
• Realized cost savings of approximately $220 million.
• Free Cash Flow of $67 million (See Table 7).
• Entered into a nationwide settlement agreement in the seller antitrust class action litigation.
• Anywhere was recognized as one of America's Most Innovative Companies 2023 by Fortune and named on the Forbes list of World's Best Employers for the third year in a row. In addition to continuing our consistent track record for 12 years as a World's Most Ethical Company and six years as a Great Place to Work.

Q4 and Full Year 2023 Financial Highlights

The following tables set forth the Company's financial highlights for the periods presented (in millions, except per share data) (unaudited):