Opendoor Posts Significant Quarterly and Annual Loss
The iBuyer’s Q4 revenue was also down some 25 percent
The iBuyer’s Q4 revenue was also down some 25 percent
Net income, however, was down significantly due to the slowing market
Revenue increased 4 percent year-over-year to a second quarter record of $2 billion
The iBuyer posted its best quarter in company history, while announcing market expansion
Despite a 1,054 percent gain, the iBuyer also saw net losses rise…
The figure represents a 17 percent year-over-year increase
The second quarter report does show significantly lower losses than the $1 billion hit in Q1
The company nearly doubled its market share year-over-year, expecting profitability in 2022
The brokerage brought in $392 million, with net income at $43.2 million
The online brokerage saw a 121 percent year-over-year increase
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