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 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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