Opendoor Technologies Inc. announced first-quarter 2025 revenue of $1.15 billion, exceeding the high end of its guidance range, despite a 2% decline year-over-year. The company reported a GAAP Net Loss of $(85) million and significantly improved its Adjusted Net Loss to $(63) million from $(80) million in Q1 2024.
A key highlight was the reduction of the Adjusted EBITDA Loss to $(30) million, a meaningful improvement from $(50) million in Q1 2024, and ahead of the high end of guidance. Opendoor acquired 3,609 homes, a 4% increase year-over-year, surpassing its acquisition guidance.
For the second quarter of 2025, Opendoor provided optimistic guidance, expecting revenue between $1.45 billion and $1.525 billion, and projecting positive Adjusted EBITDA between $10 million and $20 million. This outlook reflects disciplined execution and strategic investments in evolving the platform to offer more choices to homeowners.
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