Earnings call briefThird-quarter 2026
Opendoor Technologies says it is raising fourth-quarter marketing to about $20 million
Opendoor Technologies said it is behind on its goal of positive Adjusted Net Income by the end of 2026, measured on a 12-month go-forward basis.
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Opendoor Technologies said on its third-quarter call that it is increasing fourth-quarter marketing to around $20 million, up from $5 million in the third quarter.
The company said roughly a third of the year-over-year increase in its expected fourth-quarter Adjusted EBITDA loss comes from the additional marketing, and the rest is mainly higher holding costs as it rebuilds inventory.
Quotes from the call
“Together, sequentially lower Contribution Margin and higher Adjusted Operating Expenses lead to an expected fourth quarter Adjusted EBITDA loss of $70 million-$85 million.”
Key facts from the call
- Third-quarter marketing
- $5 million
- Share of year-over-year increase in expected Adjusted EBITDA loss from marketing
- Roughly one-third
Source: Opendoor Technologies' third-quarter 2026 earnings call, November 5, 2026.
Written by GetSignal with AI from the company's earnings call.
Not investment advice.
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