Welcome to our dedicated page for Better Home & Finance Holding Company news (Ticker: $BETRW), a resource for investors and traders seeking the latest updates and insights on Better Home & Finance Holding Company stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Better Home & Finance Holding Company's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Better Home & Finance Holding Company's position in the market.
Better Home & Finance Holding Company (NASDAQ: BETR; BETRW) reported a strong Q1 2024, with revenues up 26% to $22 million and funded loan volume increasing by 25% to $661 million compared to Q4 2023. While facing a challenging purchase and refinance market, Better saw increased demand from homeowners tapping into home equity. The company ended Q1 2024 with $509 million in cash, though it reported a net loss of $51 million, consistent with Q4 2023. Total expenses decreased by 30% year-over-year. Better launched a new Home Equity Loan product and hired Chad Smith as President and COO of Better Mortgage
Better Home & Finance Holding Company (NASDAQ: BETR; BETRW) will announce its first quarter 2024 financial results on May 14, 2024. A conference call and webcast to discuss the results will be held at 8:30 a.m. ET. Details for registration and participation are available on the investor relations website. Join the webcast early and access the replay post-event.