Overview
- Compass, which reported results Tuesday, posted $2.7 billion in revenue, $22 million in net income, and $61 million in adjusted EBITDA in its first full quarter after buying Anywhere.
- Management said it actioned more than $250 million in cost synergies within 82 days of closing and raised its 2026 realized synergy target to $200 million.
- Guidance for the second quarter calls for $4.0 billion to $4.2 billion in revenue and $310 million to $350 million in adjusted EBITDA, topping Wall Street forecasts.
- Following Wednesday’s rally, shares rose about 27% to 30% after the surprise profit and stronger outlook.
- Compass said it will begin rolling out its Compass One software to Anywhere-owned brokerages next month, aiming for broad access across the network by early fall.