Why Opendoor Technologies Stock Was Sliding Today

Core Viewpoint - Opendoor Technologies reported a disappointing fourth-quarter earnings result, missing bottom-line estimates and providing a cautious first-quarter outlook, leading to a decline in its stock price [1][2]. Financial Performance - In the fourth quarter, Opendoor's revenue increased by 25% to $1.08 billion, surpassing the consensus estimate of $982.3 million [2]. - The adjusted EBITDA loss narrowed from $69 million to $49 million, but the GAAP per-share loss widened from $0.14 to $0.16, missing estimates of $0.14 [3]. Future Outlook - For the first quarter, Opendoor expects revenue between $1 billion and $1.075 billion, below the estimate of $1.15 billion, and anticipates an adjusted EBITDA loss of $40 million to $50 million [5]. - CEO Carrie Wheeler indicated a slow start to 2025, with a worsening macro environment compared to 2024, suggesting that profitability may depend on improvements in the overall housing market [4].