Opendoor Technologies Sees Q2 Revenue $1.4B-$1.5B Vs $1.48B Est.
Portfolio Pulse from Benzinga Newsdesk
Opendoor Technologies projects its Q2 revenue to be between $1.4B and $1.5B, which aligns closely with the estimated $1.48B. The company also forecasts a Contribution Profit of $75M to $85M and an Adjusted EBITDA ranging from a loss of $35M to $25M for the same period.
May 02, 2024 | 10:17 pm
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Opendoor Technologies anticipates Q2 revenue between $1.4B and $1.5B, with a Contribution Profit of $75M to $85M and an Adjusted EBITDA loss of $25M to $35M.
The revenue guidance provided by Opendoor Technologies is in line with market estimates, suggesting a neutral to slightly positive outlook. The expected Contribution Profit indicates operational efficiency, while the projected Adjusted EBITDA loss highlights ongoing investments and expenses. Overall, the financial outlook suggests a balanced view of growth and investment, likely leading to a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100