As revenue plummets, Opendoor aims for a turnaround in 2024
During the company's Q3 earnings call, CEO Carrie Wheeler said she anticipates a quiet fourth quarter but an uptick in home acquisitions next year.
November 2, 2023
The latest on Opendoor
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- As revenue falls, Opendoor returns to profitabilityThe top iBuyer hopes scaling home purchases, improving margins and leveraging partnerships will continue fueling its return to positive net income.August 3, 2023
- Opendoor posts big losses but aims for positive margins by Q3The leading iBuyer lost $101 million in Q1, but that's a significant improvement over the previous quarter, and they are now "looking for stabilization."May 4, 2023
- Opendoor posts $399M loss in Q4 but sees growth aheadDespite losses on home sales, CEO Carrie Wheeler said the company believes in its value proposition and sees "significant runway" via its Zillow partnership.February 23, 2023
- CEO Eric Wu says Opendoor is ‘operating with urgency’ after Q3 lossesOpendoor Technologies reported $211 million in third-quarter adjusted losses before EBITDA. Its net loss for the quarter was $928 million.November 3, 2022
