Opendoor's Mixed Q3: Strong Revenue, Significant Losses

Opendoors Q3 earnings showcase a mixed financial picture; while revenue surpassed expectations, sales dropped by over 30% year-over-year, leading to a significant loss per share. The companys CEO emphasizes a strategic shift towards software and AI, aiming to simplify home buying and selling. Despite current losses, Opendoor projects strong EBITDA for Q4, with investors weighing the companys future optimistically.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.