In addition to signing a multi-year deal with Pentagon Federal Credit Union, Blend laid off 50 workers in September, or about 9% of its workforce, helping trim expenses by 32%
The real estate brokerage also managed to trim losses and achieved positive free cash flow for the first time ever in a first quarter, according to an earnings call Wednesday afternoon
Opendoor drew $1.2B in revenue between January and March, according to first-quarter earnings released Thursday. The new numbers reflect a tough market, but also some hope for the iBuyer
The company earned $943M in revenue between January and March of this year. However, by the end of the quarter, agent count was down to 85,780
The fast-growing brokerage also suffered a net loss of $83.7M in the quarter, which was an improvement compared to the loss 1 year earlier
The mortgage and banking tech provider reports a $41.8M Q3 net loss with revenue down 27% from a year ago to $40.59M, but company executives emphasize potential for growth
Amidst difficult market conditions, the real estate franchisor's total revenue was down 8.7% YOY to $81.2M, coming shy of analysts' expectations. The company also suffered a net loss of $59.5M
The iBuyer saw revenue fall 71% year over year in the 3rd quarter of 2023. The company also lost $106M — a reversal from Q2's net profit
The company lost $38M between April and June, though it did see revenue tick up slightly. Zillow also described 2023 as 'crucial,' in a newly published earnings report
The commercial and would-be residential giant saw revenue jump 13% year over year in the second quarter while profit climbed 20%, according to a 2Q earnings call Tuesday afternoon
Between January and March, Realtor.com had an average of 72 million unique monthly users — down 24 percent compared to 1 year earlier, according to the company's Q1 earnings report
The chief executive of the largest iBuyer spoke to Inman about Opendoor's first-quarter earnings on Thursday — and expectations that the company is turning a corner after a rough 2022
The iBuying giant saw revenue dip 39% year over year at the beginning of 2023, according to a Q1 earnings call Thursday. It also sold and bought fewer homes compared to the beginning of 2022
The company, which in recent years has been making inroads into the residential space, reported that both Homes.com and Apartments.com saw significant growth in the first quarter of 2023
Transaction sides fell 18.2% year over year for a total of $472.9B in sales in 2022, a 12.5% decline, according to a full-year earnings report released Monday afternoon by the Texas-based brokerage