From Meme Stock Surge to Strategic Shift: Inside Opendoor's Volatile Journey to Profitability
4 months ago
LongYield
"OPEN (earnings update): iBuyer reported Q2 revenue of $1.6B, first adj EBITDA profitable quarter in 3 years at $23M. Strategic shift to platform model enhancing agent partnerships. Acquisitions down YoY to 1,757 homes amid high mortgage rates. New Cash Plus product reduces capital needs. Fed rate cuts could boost housing market. Q3 guidance weak: $800-875M revenue, -$21-28M adj EBITDA."
Sentiment
neutral
Conviction
Medium
Tier
Trade Call
Related Stocks
Episode Information
Episode:
From Meme Stock Surge to Strategic Shift: Inside Opendoor's Volatile Journey to Profitability
Source:
LongYield
Published:
August 7, 2025
Idea Type:
Stock Idea