Opendoor targets EBITDA breakeven despite weak housing market
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Opendoor aims for adjusted EBITDA breakeven by Q2 2026 and net income profitability by year-end, despite a weak housing market. The company reported strong Q1 momentum with over 5,000 acquisition contracts, the highest since 2022, featuring faster resale and fresher inventory. However, it faces competitive pressure from Zillow's capital-light platform and Offerpad's multi-solution offerings, highlighting the challenge of converting high volume into sustained profit.
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