Summary by Futu AI
BETTER HOME & FINANCE HOLDING (BETR.US) reported its financial results for the quarter ended March 31, 2024. The company saw a net loss of $51.5 million, a slight improvement from the $87.6 million net loss in the same period the previous year. Basic and diluted loss per share were both $0.07, compared to a loss of $0.29 per share in the first quarter of 2023. Total net revenues increased to $22.3 million, up from $18.6 million year-over-year. This was driven by a gain on loans, net, which amounted to $15.7 million, and other revenue streams including net interest income and international lending revenue. Despite a decrease in the gain on sale of loans, net, and a significant drop in real estate services revenue, the company benefited from a...Show More