Opendoor Revenue

Opendoor Revenue

Business / By /

Opendoor generated $6.94 billion in revenue in 2023, compared to $15.56 billion in 2022, and $8.02 billion in 2021.

Related Case Studies

Opendoor Business Model

opendoor-business-model
Opendoor is a digital real estate platform for buyers and sellers. As a real estate company, Opendoor also purchases homes to sell them at a profit. Opendoor makes money via seller fees when homes are sold through the platform, profits from homes bought by sellers and resold on the platform, and home loans in the form of interest income.

Zillow Business Model

how-does-zillow-make-money
Zillow is an online real estate marketplace, matching buyers and sellers and renters and landlords through a massive platform with personalized search and discovery experiences and simple UI for both buying/renting and selling/listing. The company makes money by charging a fee on the sales and additional services like premium agents and mortgage services for buyers.

How Does Redfin Make Money

how-does-redfin-make-money
Redfin is a real estate platform with a hybrid approach (automation with the human in the loop) to enable buyers’ and sellers’ deal flow. Redfin charges sellers a listing fee in the range of 1.0-1.5%. With RedfinNow, the company also purchases homes and resells them on its platform for profits. Redfin also makes money from its financing solutions and via its concierge services.

OYO Business Model

oyo-business-model
OYO’s business model is a mixture of platform and brand, where the company started primarily as an aggregator of homes across India, and it quickly moved to other verticals, from leisure to co-working and corporate travel. In a sort of octopus business strategy of expansion to cover the whole spectrum of short-term real estate.

WeWork Business Model

wework-business-model
WeWork runs a membership model that gets monetized via a set of packages that include ancillary value-added products and services to enable companies to scale or shrink their workspace on-demand. WeWork defined its revenue model as space-as-a-service and claimed to be more scalable than traditional commercial real estate.

How Does Compass Make Money

how-does-compass-make-money
Compass is a licensed American real-estate broker incorporating online real estate technology as a marketing medium. The company makes money via sales commissions (collected whenever a sale is facilitated or tenants are found for a rental property) and bridge loans (a service allowing the seller to purchase a home before the revenue from the sale of their previous home is available).

How Does Offerpad Make Money

how-does-offerpad-make-money
Offerpad is a tech-enabled real estate platform enabling users to buy and sell homes. The company makes money via service fees. Indeed, whenever a home is sold through the Offerpad platform, the company collects a service fee. And it also makes money via sales profits As a seller and buyer of homes, Offerpad is in a position to make a profit on homes they sell to members of the general public.

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