Opendoor drew $1.2 billion in revenue between January and March, according to first-quarter earnings data released Thursday. The new numbers reflect a tough market, but also some hope for the iBuyer. Continue reading
The company earned $943 million in revenue between January and March of this year. However, by the end of the quarter, agent count was down to 85,780. Continue reading
The fast-growing brokerage also suffered a net loss of $83.7 million in the quarter, which was an improvement compared to the loss one year earlier. Continue reading
Mortgage and banking tech provider reports a $41.8 million Q3 net loss with revenue down 27 percent from a year ago to $40.59 million, but company executives emphasize potential for growth. Continue reading
Amidst challenging market conditions, the real estate franchisor’s total revenue was down 8.7 percent year over year to $81.2 million, coming just shy of analysts’ expectations. The company also suffered a net loss of $59.5 million. Continue reading
The iBuyer saw revenue fall 71 percent year over year in the third quarter of 2023. The company also lost $106 million — a reversal from Q2’s net profit. Continue reading
The company lost $38 million between April and June, though it did see revenue tick up slightly. Zillow also described 2023 as “crucial,” in a newly published earnings report. Continue reading
The commercial and would-be residential giant saw revenue jump 13 percent year over year in the second quarter while profit climbed 20 percent, according to a 2Q earnings call Tuesday afternoon. Continue reading
Between January and March, Realtor.com had an average of 72 million unique monthly users — down 24 percent compared to one year earlier, according to the company’s first-quarter earnings report. Continue reading
The chief executive of the largest iBuyer spoke to Inman about Opendoor’s first-quarter earnings on Thursday — and expectations that the company is turning a corner after a rough 2022. Continue reading