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The parent company of Coldwell Banker C21 and Sotheby’s lost $138M 1st Q 2023

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The parent company of Coldwell Banker C21 and Sotheby’s lost $138M 1st Q 2023

Office reductions and layoffs didn’t spare Anywhere Real Estate from more losses last quarter. 

The parent company of Corcoran, Coldwell Banker, Century21 and Sotheby’s International Realty finished the first quarter with a net loss of $138 million. The firm reported an operating EBITDA (earnings before interest, taxes, depreciation and amortization) last quarter of negative $52 million, down from $69 million a year earlier. 

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Source: The Real Deal

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