Opendoor earnings

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Opendoor Technologies Inc. At this time, all participants are in a listen-only mode. After the speaker presentation, there will be a question-and-answer session. Please, go ahead. Kimberly Niehaus: Thank you and good afternoon. Details of our results and additional management commentary are available in our earnings release and shareholder letter, which can be found on the Investor Relations section of our website at investor.

Opendoor earnings

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Stock Report. Top-Performing Corporate Insiders. Christy Schwartz: Thank you, Carrie.

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A week after Zillow announced its sudden departure from the home-buying market, rival Opendoor reported third-quarter results that topped estimates and issued an optimistic forecast for the rest of the year, sending the stock soaring in extended trading. Founded in , Opendoor pioneered the instant-buying, or iBuying, home market by allowing homeowners to sell their home for cash without listing it on the market and dealing with a lengthy bidding and closing process. The company went public in December through a special purpose acquisition company. Zillow started testing the iBuying market in and jumped in big two years later, when it began buying and selling in Southern California. The business worked initially, but hit major snags this year as massive swings in home prices undermined Zillow's predictive models and ultimately left the company spending more on properties than it could make selling them. The stock has lost over two-thirds of its value since peaking in mid-February. In an interview after Opendoor's report on Wednesday, finance chief Carrie Wheeler said the company has built its technology to ensure it can manage through unpredictable market events. It's core to what we do. We're focused on data.

Opendoor earnings

Nasdaq: OPEN , a leading digital platform for residential real estate transactions, today reported financial results for its quarter ended March 31, We have made significant progress toward reshaping a broken, offline process into a digital, seamless experience for our customers. This means we align our goals and teams against both growing customers and driving sustainable margin expansion, operating with a focus on building the lowest cost structure, and having a culture of discipline around pricing and risk management across periods of uncertainty. The result of this hard work is the capability to grow and protect margins across economic cycles. Opendoor will host a conference call to discuss its financial results on May 5, , at p. Pacific Time. An archived version of the webcast will be available from the same website after the call. This press release contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of , as amended.

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Insider Monkey Transcripts. Dividend Calendar. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. Top Analyst Stocks Popular. For the full-year, contribution margin was negative 3. Dividends Dividend Center. Become an Affiliate. Economic Indicators Center. Russell Futures 2, This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

Nasdaq: OPEN , a leading digital platform for residential real estate transactions, today reported financial results for its quarter ended December 31,

Please note that this call will be simultaneously webcast on the Investor Relations section of the company's corporate website. Add to portfolio. What companies are reporting earnings today? Earnings Data. Such forward-looking statements involve risks and uncertainties that may cause actual results to differ materially from those discussed here. ZacksTrade and Zacks. OK Cancel. Aug 04, IPO Calendar. Experts Top Analysts. Bitcoin Popular. Looking ahead, based on where we are at today, we expect to see an increase in contract volume late in Q1, which would translate to sequential acquisition volume growth in Q2. Become an Affiliate. Report Date.