Following news of new leadership, Anywhere is out with more news of the earnings kind. Yesterday, tech executive Matthew Tebbe was named incoming president and CEO of Cartus, the brand’s global talent mobility and relocation services arm. Tebbe will taking over for Interim President and CEO Eric Barnes, who will return to his previous position as chief financial officer.
And some 24 hours later, Anywhere is making headlines again with the release of its Q2 earnings. The company generated revenue of $1.7 billion between April-June, a decrease of 22 percent year-over-year, largely impacted by homesale transaction volume declines. Anywhere reported a net income of $19 million and Adjusted net income of $27 million.
“In the midst of a challenging housing market, we delivered results in line with our expectations and continue to invest to set Anywhere up for an even stronger future,” said Ryan Schneider, Anywhere president and CEO. “We are accelerating our strategy, which includes growing our high-margin franchise business, expanding our luxury leadership, simplifying and integrating the consumer transaction experience, and further transforming our cost base as we position Anywhere to lead real estate to what’s next.”