Opendoor (OPEN) Reports In-Line Q1 EPS, Revenues Beat

Opendoor (NASDAQ: OPEN) reported Q1 EPS of ($0.48), in-line with the analyst estimate of ($0.48). Revenue for the quarter came in at $747.27 million versus the consensus estimate of $620.18 million.

“We are relentless in our pursuit of making it possible to buy, sell, and move at the tap of a button,” said Eric Wu, Co-Founder and CEO of Opendoor. “We exceeded our guidance for Q1 and are experiencing strong momentum as we look forward to the rest of the year. This quarter marked a number of record firsts for us - offer requests, conversion of real sellers and number of market launches. And we did this with an NPS north of 80 from our sellers, reminding us that customers love what we are building. While we are proud of these results, we are energized and focused on the opportunities ahead of us.”

For earnings history and earnings-related data on Opendoor (OPEN) click here.

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