Opendoor Technologies Inc. (OPEN) Q3 2024 Earnings Call Transcript

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Q3: 2024-11-07 Earnings Summary

EPS of -$0.11 beats by $0.07
 | Revenue of $1.38B (40.51% Y/Y) beats by $105.32M

Opendoor Technologies Inc. (NASDAQ:OPEN) Q3 2024 Earnings Call Transcript November 7, 2024 5:00 PM ET

Company Participants

Kimberly Niehaus - IR
Carrie Wheeler - CEO
Christy Schwartz - Interim CFO

Conference Call Participants

Ygal Arounian - Citigroup
Ryan Tomasello - KBW
Nick McAndrew - Zelman & Associates

Operator

Good day and thank you for standing by. Welcome to the Opendoor Third Quarter 2024 Earnings Conference Call. At this time, all participants are in a listen-only mode. After the speaker's presentation, there will be a question-and-answer session. [Operator Instructions] Please be advised that today's conference is being recorded. I would now like to hand the conference over to your speaker today, Kimberly Niehaus, Investor Relations. Please go ahead.

Kimberly Niehaus

Thank you and good afternoon. Details of our results and additional management commentary are available in our earnings release and shareholder letter, which can be found on the investor relations section of our website at investor.opendoor.com. Please note that this call will be simultaneously webcast on the investor relations section of the company's corporate website.

Before we start, I would like to remind you that the following discussion contains forward-looking statements within the meaning of the federal securities laws. All statements other than statements of historical facts are statements that could be deemed forward-looking, including but not limited to, statements regarding Opendoor’s financial condition, anticipated financial performance, business strategy and plans, market opportunity and expansion, and management objectives for future operations. These statements are neither promises nor guarantees and undue reliance should not be placed on them. Such forward-looking statements involve risks and uncertainties that may cause actual results to differ materially from those discussed here. Additional information that could cause actual results to differ from forward-looking statements can be found in the Risk Factors section of Opendoor's most recent annual report on Form 10-K for the year ended December 31, 2023, as updated

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