Exhibit 99.1 Opendoor Announces Fourth Quarter and Full Year 2024 Financial Results SAN FRANCISCO, California - February 27, 2025 - Opendoor Technologies Inc. (Nasdaq: OPEN), a leading e-commerce platform for residential real estate transactions, today reported financial results for its fourth quarter and year ended December 31, 2024. Opendoor's fourth quarter and year-end 2024 financial results and management commentary can be accessed through the Company's shareholder letter on the "Quarterly Reports" pag ...

Core Insights - Opendoor Technologies Inc. reported its financial results for Q4 and the full year of 2024, highlighting a focus on streamlining operations and optimizing cost structures to achieve long-term profitability despite ongoing housing market challenges [2][3]. Financial Performance - For the full year 2024, Opendoor generated revenue of $5.2 billion, a decrease of 26% compared to 2023, with 13,593 homes sold, down 27% year-over-year [8]. - The company reported a net loss of $392 million for the year, compared to a net loss of $275 million in 2023 [8]. - In Q4 2024, revenue was $1.1 billion, representing a 25% increase from Q4 2023 but a 21% decrease from Q3 2024 [8]. - The gross profit for the year was $433 million, down from $487 million in 2023, with a gross margin of 8.4% compared to 7.0% in the previous year [8]. Operational Metrics - Opendoor purchased 14,684 homes in 2024, an increase from 11,246 homes in 2023 [8]. - The company ended Q4 2024 with an inventory balance of $2.2 billion, representing 6,417 homes, which is a 22% increase compared to Q4 2023 [8]. - The contribution profit for Q4 2024 was $38 million, up from $30 million in Q4 2023, with a contribution margin of 3.5% [7][8]. Future Outlook - The company aims to enter 2025 as a more efficient business, focusing on sustained profitability and further monetizing its seller funnel [3]. - For Q1 2025, Opendoor provided revenue guidance of $1.0 billion to $1.075 billion and contribution profit guidance of $40 million to $50 million [13].

Core Viewpoint - Opendoor Technologies Inc. is set to report its fourth-quarter 2024 results on February 27, with expectations of revenue growth and a potential loss narrower than the previous year [1][5]. Group 1: Earnings Expectations - The Zacks Consensus Estimate for Opendoor's revenues in Q4 2024 is $965 million, reflecting a year-over-year increase of 10.9% [3]. - The consensus mark for the company's loss this quarter is 14 cents per share, compared to a loss of 15 cents per share in the same quarter last year [5]. Group 2: Operational Insights - The company is expected to see an improvement in its contribution margin due to higher resale clearance and a slight reduction in concessions and buyer broker commissions [4]. - Adjusted operating expenses are anticipated to decrease due to lower advertising spend and reductions in both fixed and variable expenses [4]. Group 3: Earnings Prediction Model - The current model does not predict a definitive earnings beat for Opendoor, with an Earnings ESP of 0.00% and a Zacks Rank of 3 [6][7].

Core Viewpoint - Wall Street anticipates a year-over-year increase in earnings for Opendoor Technologies Inc. due to higher revenues, with a focus on how actual results compare to estimates impacting stock price [1][2]. Company Summary - The upcoming earnings report for Opendoor Technologies is expected to show a quarterly loss of $0.14 per share, reflecting a year-over-year change of +6.7%. Revenues are projected to be $964.95 million, up 10.9% from the previous year [3]. - The consensus EPS estimate has remained unchanged over the last 30 days, indicating stability in analyst expectations [4]. - The Most Accurate Estimate for Opendoor is higher than the Zacks Consensus Estimate, resulting in an Earnings ESP of +11.11%, suggesting a bullish outlook from analysts [10]. - Opendoor currently holds a Zacks Rank of 3, indicating a likelihood of beating the consensus EPS estimate [11]. - Historically, Opendoor has beaten consensus EPS estimates in the last four quarters, with a notable surprise of +28.57% in the last reported quarter [12][13]. Industry Summary - In the Zacks Technology Services industry, Ivanhoe Electric is expected to report a loss of $0.24 per share, with a year-over-year change of +36.8%. Revenue is anticipated to be $0.75 million, down 55.1% from the previous year [17]. - Ivanhoe Electric's consensus EPS estimate has remained unchanged over the last 30 days, but it has an Earnings ESP of 4.17%, combined with a Zacks Rank of 2, indicating a likelihood of beating the consensus EPS estimate [18].

Core Concept - NETFLIX BITES Vegas is a new immersive dining experience that combines food and drinks inspired by popular Netflix shows, located at MGM Grand in Las Vegas [1][3][5] Group 1: Event and Experience - The opening event featured special guests from various Netflix shows, allowing attendees to sample dishes and drinks inspired by these series [1] - The experience aims to merge on-screen moments with real-life entertainment, offering a unique way for fans to engage with their favorite shows [3][5] Group 2: Menu Highlights - The menu includes a variety of dishes and drinks inspired by popular Netflix titles, such as Bridgerton, Squid Game, and Stranger Things, catering to diverse tastes [3][4] - Signature items include Bridgerton Regency Tea, Eleven's Feast, and a sushi ship inspired by ONE PIECE, showcasing creative twists on classic favorites [4] Group 3: Operational Details - NETFLIX BITES Vegas is open daily for breakfast, lunch, and dinner, with specific hours for each meal [5] - Reservations are available starting February 20, with walk-ins currently welcome [5] Group 4: Partnership and Promotions - Mastercard is the preferred payments partner, offering cardholders exclusive access to priority seating and special experiences [6] - Special cocktails reflecting the themes of Netflix shows and Mastercard's brand are also available [6] Group 5: Expansion and Success - This location builds on the success of NETFLIX BITES in Los Angeles, which was highly sought after, indicating strong demand for immersive dining experiences [7] - Netflix has engaged 7.5 million fans globally through various immersive experiences, achieving an average guest rating of 4.7 out of 5 [7]

Company Overview - Opendoor Technologies is a real estate technology company that provides digital services including an online marketplace, buying, and data analysis, but has struggled to prove its business model due to challenging market conditions [2][3] Market Conditions - The real estate market remains difficult, primarily due to high interest rates, which have hindered Opendoor's ability to demonstrate strong progress [1][2] - The median 30-year mortgage rate saw a slight decrease of 0.1 percentage points in December, and homes sold increased by 11.8% year over year, indicating potential for market improvement [6] Financial Performance - In the most recent quarter, Opendoor reported a 41% year-over-year revenue increase to $1.4 billion, selling 3,615 homes, which is a 35% increase year over year [4] - The company ended the quarter with an inventory of 6,288 homes valued at $2.1 billion, a 64% increase from the previous year, although these figures are still below 2022 levels [4] - Adjusted EBITDA and net loss were both negative but showed improvement compared to the prior year [5] Stock Performance - Opendoor's stock fell by 14% in January, reflecting a loss of market confidence, with the stock currently trading slightly above $1 [1][7] - The trailing-12-month price-to-sale ratio is notably low at 0.2, suggesting that the stock may be undervalued, but it carries significant risk for investors [7]

Core Viewpoint - Opendoor Technologies Inc. is set to report its fourth quarter and full year 2024 financial results on February 27, 2025, with a conference call scheduled to discuss these results [1][2]. Group 1: Financial Reporting - The financial results for the fourth quarter and full year 2024 will be reported after market close on February 27, 2025 [1]. - A conference call and webcast will be held at 2:00 p.m. PT (5:00 p.m. ET) on the same day to discuss the company's business and financial results [1][2]. Group 2: Company Overview - Opendoor is a leading e-commerce platform focused on residential real estate transactions, aiming to simplify the process of buying and selling homes [3]. - Since its inception in 2014, Opendoor has been providing a straightforward and reliable method for individuals across the U.S. to engage in real estate transactions [3]. - The company operates in various markets nationwide and is composed of a team dedicated to innovation and problem-solving in the real estate sector [3].

Core Viewpoint - Mantle Ridge LP is advocating for the replacement of current CEO Seifi Ghasemi and other board members with its four nominees to improve Air Products' performance and governance ahead of the upcoming Annual Meeting on January 23, 2025 [1][3][4]. Group 1: Shareholder Advocacy - Mantle Ridge owns approximately $1.3 billion of Air Products' outstanding common shares and has nominated Andrew Evans, Paul Hilal, Tracy McKibben, and Dennis Reilley for election [1][4]. - Mantle Ridge urges shareholders to vote "FOR" its nominees and "WITHHOLD" votes from the current board members [1][15]. Group 2: Proxy Advisory Recommendations - Leading independent proxy advisory firms ISS, Glass Lewis, and Egan-Jones recommend replacing CEO Seifi Ghasemi and other board members with Mantle Ridge's nominees [6][13]. - The recommendations from these firms provide third-party validation of Mantle Ridge's case for change [12][13]. Group 3: Nominees' Qualifications - The four nominees proposed by Mantle Ridge bring significant industry experience and expertise in governance, which is critical for Air Products' future [8][9]. - If elected, the nominees aim to implement best-in-class governance practices and reassess the company's compensation plan and capital allocation [9][10]. Group 4: Future Outlook - With the proposed board refreshment and new leadership, Air Products could potentially be valued at $425 per share and achieve double-digit annual Total Shareholder Return (TSR) compounding [12][20]. - The refreshed board is expected to conduct a comprehensive CEO search to recruit top leadership talent [10][11].

Real estate technology company Opendoor Technologies (OPEN 3.77%) stock dropped 32% in December, according to data from S&P Global Market Intelligence. Mortgage rates went back up after receding earlier in the year, and the market became more pessimistic about the real estate industry again.Challenges in real estate mean challenges for OpendoorOpendoor operates a digital real estate platform and iBuying business. Its core business is buying homes and reselling them, a capital-intensive business that's extre ...

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