Welcome to our dedicated page for Opendoor Technologies news (Ticker: OPEN), a resource for investors and traders seeking the latest updates and insights on Opendoor Technologies stock.
Opendoor Technologies Inc (OPEN) provides a digital-first approach to residential real estate transactions through its innovative buying and selling platform. This news hub delivers essential updates for tracking the company's market position and strategic direction.
Access curated press releases and financial announcements including quarterly earnings reports, property acquisition strategies, and technology partnerships. Investors will find timely information about operational milestones, market expansion initiatives, and leadership updates that shape Opendoor's role in transforming real estate sector.
Our collection features verified updates on home pricing innovations, digital transaction enhancements, and regulatory developments affecting the proptech industry. Content is organized chronologically to help users track evolving business priorities and industry trends.
Bookmark this page for streamlined access to Opendoor's official communications. Combine regular monitoring with broader market analysis to inform your understanding of this real estate technology innovator.
Opendoor Technologies, a leading e-commerce platform for residential real estate, has announced that its CEO, Carrie Wheeler, will be speaking at the Goldman Sachs Communacopia & Technology Conference. The presentation is scheduled for Monday, September 9, 2024, at 4:25 PM PT / 7:25 PM ET.
Investors and interested parties can access a live webcast of the presentation through the company's investor relations website at investor.opendoor.com. This event provides an opportunity for Opendoor to showcase its business model and discuss industry trends with a broader audience of investors and technology enthusiasts.
Opendoor Technologies (Nasdaq: OPEN) reported its Q2 2024 financial results. Key highlights include:
- Revenue: $1.5 billion, down 24% YoY, up 28% QoQ;
- Gross Profit: $129 million (8.5% margin);
- Net Loss: $(92) million;
- Homes Sold: 4,078, down 24% YoY, up 32% QoQ;
- Inventory: $2.2 billion (6,399 homes);
- Homes Purchased: 4,771, up 78% YoY, up 38% QoQ;
- Adjusted EBITDA: $(5) million (0.3% margin);
- Adjusted Net Loss: $(31) million.
CEO Carrie Wheeler highlighted exceeding guidance and acquisitions growth of nearly 80% YoY. The outlook for Q3 includes revenue guidance of $1.2-$1.3 billion and Adjusted EBITDA of $(70)-$(60) million.
Opendoor Technologies (Nasdaq: OPEN) announced it will report its second quarter 2024 financial results on August 1, 2024, for the period ending June 30, 2024.
The company will host a conference call on the same day at 2:00 p.m. PT (5:00 p.m. ET) to discuss the results. The live webcast of the call and an archived replay will be accessible through Opendoor's investor relations website.
Opendoor is a prominent e-commerce platform specializing in residential real estate transactions, leveraging technology to streamline the buying and selling process.
Opendoor Technologies (Nasdaq: OPEN) announced that CEO Carrie Wheeler will speak at the J.P. Morgan 52nd Annual Global Technology, Media and Communications Conference on May 21, 2024, at 12:45pm PT/3:45pm ET. A live webcast of the presentation will be available at investor.opendoor.com. This announcement highlights Opendoor's active engagement with financial communities and their ongoing efforts to showcase their business model and strategies in residential real estate e-commerce.
Opendoor Technologies Inc. announced the appointment of Eric Feder, President of LENX and a senior executive at Lennar , to its Board of Directors. Feder brings deep industry expertise to the team and his appointment marks a significant milestone in Opendoor's relationship with Lennar. Jason Kilar also announced his resignation from the Board, effective June 14, 2024.
Opendoor Technologies Inc. (Nasdaq: OPEN) reported strong first quarter 2024 financial results, exceeding guidance in revenue, Contribution Margin, and Adjusted EBITDA. The company's market share doubled year-over-year, with industry-leading seller NPS. Opendoor is focused on rescaling the business in 2024, highlighted by a proposed NAR settlement. The company continues to empower consumers in real estate transactions with a simple, certain, and transparent approach.
Key financial highlights include a revenue of $1.2 billion, a gross profit of $114 million, a net loss of $(109) million, and an inventory balance of $1.9 billion. Opendoor also provided second quarter 2024 guidance with revenue projected between $1.4 billion to $1.5 billion and Contribution Profit guidance of $75 million to $85 million, while Adjusted EBITDA is expected to range from $(35) million to $(25) million.
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