Overview
- Compass and Anywhere signed a definitive all-stock merger agreement, targeting a close in the second half of 2026 pending regulatory and shareholder approvals.
- Compass posted Q3 revenue of $1.85 billion, up nearly 24%, with a $4.6 million net loss partly tied to $7.5 million in merger expenses, and delivered $73.6 million in free cash flow.
- Compass CEO Robert Reffkin paused tuck-in acquisitions to focus on integration and pledged more than $300 million in cost synergies, topping the initial $225 million target.
- Anywhere reported Q3 revenue of $1.6 billion, a 6% increase, with $100 million in operating EBITDA, $92 million in free cash flow, $28 million in quarterly cost savings, and closed transaction volume up 7%.
- Anywhere expanded AI tools that cut listing-entry time to under 60 seconds and noted brand independence would be maintained under the combined platform.