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.
Source: Inman News
Opendoor can’t hang on to profitability as Q3 revenue craters
Published in bombshell lawsuit, Carrie Wheeler, commissions, earnings, earnings report, ibuyer, ibuying, Markets & Economy, offerpad, opendoor, Opendoor Exclusives, Select, sitzer/burnett, Technology and Zillow
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