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Better Home & Finance Holding (BETRW) delivers integrated digital solutions for homeownership through its mortgage, real estate, title, and insurance services. This news hub provides investors and industry observers with essential updates about the company's strategic developments.
Access official press releases, financial disclosures, and operational updates in one centralized location. Track BETRW's progress in transforming residential transactions through technological innovation and customer-focused solutions.
Key updates include earnings reports, partnership announcements, product launches, and leadership changes. Our curated news collection helps stakeholders monitor the company's position in evolving housing and fintech markets.
Bookmark this page for reliable updates about BETRW's initiatives in digital mortgage processing, real estate technology advancements, and industry partnerships that shape modern homeownership experiences.
Better Home & Finance Holding Company (NASDAQ: BETR) reported strong Q2 2024 results with 45% increase in Funded Loan Volume and 41% increase in Revenue compared to Q1 2024. Key highlights include:
- Revenue of $31 million, up from $22 million in Q1'24
- Net loss of $42 million, improved from $51 million in Q1'24
- Adjusted EBITDA loss of $25 million, compared to $31 million in Q1'24
- Funded loan volume of $962 million across 2,995 Total Loans
- Purchase loan volume grew 50% QoQ, comprising 83% of Funded loan volume
- HELOC loan volume grew 76% QoQ, comprising 9% of Funded loan volume
The company announced a 1-for-50 Reverse Stock Split effective August 16, 2024. Better expects Q3'24 Funded Loan Volume to exceed $1 billion and is focusing on profitability through improved technology efficiency and cost reductions.
Better Home & Finance Holding Company (NASDAQ: BETR, BETRW), a leading digital homeownership company, has announced its participation in two upcoming investor conferences. Kevin Ryan, CFO of Better, will represent the company at these events:
1. Oppenheimer 27th Annual Technology, Internet & Communications Conference on August 14, 2024, at 1:15pm ET (Virtual)
2. Seaport Financials and FinTech Conference on August 15, 2024, at 12:00pm ET (Virtual)
A live webcast of the Oppenheimer conference discussion will be available on Better's investor relations website, with an archived replay accessible after the event.
Better Home & Finance Holding Company (NASDAQ: BETR) has announced it will release its second quarter 2024 financial results before the market opens on Thursday, August 8, 2024. The company will host a conference call and webcast to discuss these results on the same day at 8:30 a.m. ET.
Investors and interested parties can access the live webcast and conference call details through the company's investor relations website at investors.better.com. Participants are advised to join the webcast at least 10 minutes before the start time. A replay of the call will be available on the investor relations website shortly after the event concludes.
Better Home & Finance Holding Company (NASDAQ: BETR; BETRW) reported a strong Q1 2024, with revenues up 26% to $22 million and funded loan volume increasing by 25% to $661 million compared to Q4 2023. While facing a challenging purchase and refinance market, Better saw increased demand from homeowners tapping into home equity. The company ended Q1 2024 with $509 million in cash, though it reported a net loss of $51 million, consistent with Q4 2023. Total expenses decreased by 30% year-over-year. Better launched a new Home Equity Loan product and hired Chad Smith as President and COO of Better Mortgage
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