Opendoor revenue plunged 45% in 2020

iBuyer's net loss was $287M as CEO acknowledged pandemic's toll. In its first earnings as a public company, Opendoor reported a 45 percent drop in revenue attributed to its pause in home-buying in the early months of the pandemic. The iBuyer generated $2.6 billion in revenue last year, compared to $4.7 billion in 2019