Opendoor Technologies Inc. (OPEN) Q3 2024 Earnings Call Transcript Summary
Opendoor Technologies Inc. (OPEN) Q3 2024 Earnings Call Transcript Summary
Adjusted EBITDA loss was $38 million, significantly outperforming their guidance range.The following is a summary of the Opendoor Technologies Inc. (OPEN) Q3 2024 Earnings Call Transcript:
以下是opendoor technologies公司（OPEN）2024年第三季度業績會交易摘要：
Financial Performance:
財務表現:
Opendoor Technologies reported Q3 revenue of $1.4 billion, exceeding their guidance range.
Contribution margin achieved was 3.8%, surpassing the high-end of their guidance.
Adjusted EBITDA loss was $38 million, significantly outperforming their guidance range.
They experienced a sequential decline in home acquisitions by 27% due to elevated spread levels.
opendoor technologies報告第三季度營業收入爲14億美元，超過了他們的指導區間。
貢獻率達到3.8%，超過了他們指導的高端。
調整後的EBITDA虧損爲3800萬美元，明顯超出了他們的指導區間。
由於價差水平升高，他們的房屋收購量同比下降了27%。
Business Progress:
業務進展：
Opendoor continues to innovate with seller-focused products like 'List with Opendoor' and 'Exclusives.'
They are adapting to recent National Association of Realtors settlement changes by transitioning from paying buyer broker commissions to providing buyer concessions.
Opendoor announced a workforce reduction of about 300 people, approximately 17% of their workforce, to improve operational efficiency.
opendoor technologies繼續通過面向賣家的產品如「與opendoor列表」和「獨家」進行創新。
他們正在適應最近的全國房地產經紀人協會解決方案變化，從支付買方經紀佣金轉變爲提供買方讓步。
opendoor technologies宣佈裁員約300人，約佔他們員工總數的17%，以提高運營效率。
Opportunities:
機會：
Opendoor is focusing on expanding seller options through 'List with Opendoor' and 'Exclusives,' offering services where sellers can test the market or access non-traditional listing services.
They are working to diversify and make their business model less capital-intensive.
opendoor technologies專注於通過「與opendoor掛牌」和「獨家」提供賣家多種選擇，提供賣家測試市場或獲得非傳統掛牌服務的服務。
他們正在努力實現業務模式多樣化，使其更少依賴資本投入。
Risks:
風險：
Despite a 50 basis point rate cut by the Fed in September, the housing market continues to linger in a tough state with prolonged affordability concerns due to high home prices and elevated rates.
They face challenges with home acquisitions and overall market pressures due to the challenging housing market.
儘管聯邦政府在九月份減息了50個點子，但由於高房價和高利率導致長期支付能力問題，住房市場仍繼續陷入困境。
他們面臨着房屋收購和整體市場壓力的挑戰，這是由於具有挑戰性的住房市場。
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示：如需更全面的詳情，請參閱投資人關係網站。本文僅供投資者參考，不作任何指引或建議。
譯文內容由第三人軟體翻譯。
