Opendoor Technologies Inc is a real estate technology company that simplifies the process of buying and selling homes
By leveraging advanced algorithms and data analytics, Opendoor allows homeowners to receive instant offers for their properties, facilitating a quick and hassle-free selling experience. The company also provides a platform for homebuyers to easily explore and purchase homes, offering services that streamline transactions, financing, and renovations. By integrating technology into the real estate market, Opendoor aims to make the process more accessible and efficient for both sellers and buyers.
As the Q4 earnings season wraps, let’s dig into this quarter’s best and worst performers in the real estate services industry, including Opendoor (NASDAQOPEN) and its peers.
Shares of technology real estate company Opendoor (NASDAQOPEN)
fell 9.7% in the afternoon session after the company reported underwhelming fourth-quarter results: its quarterly guidance for sales and EBITDA fell short of Wall Street's estimates. On the other hand, Opendoor blew past analysts' revenue and EBITDA expectations this quarter. Still, this quarter could have been better.
Technology real estate company Opendoor (NASDAQOPEN) reported revenue ahead of Wall Street’s expectations in Q4 CY2024, with sales up 24.6% year on year to $1.08 billion. On the other hand, next quarter’s revenue guidance of $1.04 billion was less impressive, coming in 18.4% below analysts’ estimates. Its GAAP loss of $0.16 per share was in line with analysts’ consensus estimates.
SAN FRANCISCO, Feb. 27, 2025 (GLOBE NEWSWIRE) -- Opendoor Technologies Inc. (Nasdaq: OPEN), a leading e-commerce platform for residential real estate transactions, today reported financial results for its fourth quarter and year ended December 31, 2024. Opendoor’s fourth quarter and year-end 2024 financial results and management commentary can be accessed through the Company’s shareholder letter on the “Quarterly Reports” page of Opendoor’s investor relations website at https://investor.opendoor.com/financials-filings/quarterly-reports.
As the Q3 earnings season wraps, let’s dig into this quarter’s best and worst performers in the real estate services industry, including Newmark (NASDAQNMRK) and its peers.
SAN FRANCISCO, Jan. 23, 2025 (GLOBE NEWSWIRE) -- Opendoor Technologies Inc. (“Opendoor”) (Nasdaq: OPEN), a leading e-commerce platform for residential real estate transactions, today announced that it will report fourth quarter and full year 2024 financial results for the period ended December 31, 2024 following the close of the market on Thursday, February 27, 2025. On that day, management will host a conference call and webcast at 2:00 p.m. PT (5:00 p.m. ET) to discuss the company’s business and financial results.
Opendoor has been treading water for the past six months, recording a small loss of 3% while holding steady at $1.91. The stock also fell short of the S&P 500’s 10.3% gain during that period.
