Blend Labs (BLND) Misses Q3 EPS by 2c

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Go back to Blend Labs (BLND) Misses Q3 EPS by 2c

Blend Announces Third Quarter 2022 Financial Results

November 10, 2022 4:05 PM EST

Total revenue of $55.4 million led by Platform revenue resilience, offset by lower Title365 revenue

SAN FRANCISCO--(BUSINESS WIRE)-- Blend Labs, Inc. (NYSE: BLND), a leader in cloud banking software, today announced its third quarter 2022 financial results.

Blends third quarter results reflect steady progress, including important customer wins, high revenue retention, and an increase in mortgage banking market share amidst extremely challenging economic conditions, said Nima Ghamsari, Head of Blend. We are executing well on what we can control as we strengthen our positioning, including managing our costs, enhancing... More