Opendoor Technologies Inc. (NASDAQ:OPEN) Q3 2022 Earnings Conference Call November 3, 2022 5:00 PM ET

Company Participants

Elise Wang - Vice President-Investor Relations

Eric Wu - Chief Executive Officer & Co-Founder

Carrie Wheeler - Chief Financial Officer

Andrew Low Ah Kee - President

Daniel Morillo - Chief Investment Officer

Conference Call Participants

Nick Jones - JMP Securities

James McCanless - Wedbush

Jason Helfstein - Oppenheimer

Ryan Tomasello - KBW

Dae Lee - JPMorgan

Curtis Nagle - Bank of America

Justin Patterson - KeyBanc

Justin Ages - Berenberg

Ryan McKeveny - Zelman

Operator

Good day, and thank you for standing by. Welcome to the Opendoor Third Quarter 2022 Earnings Call. At this time, all participants are in a listen-only mode. After the speakers’ presentation, there will be a question-and-answer session. [Operator Instructions] Please be advised that today's conference is being recorded.

I would now like to turn the conference over to your speaker today, Elise Wang, Vice President of Investor Relations. Please go ahead.

Elise Wang

Thank you, and good afternoon. Details of our results and additional management commentary are available in our earnings release and shareholder letter, which can be found on the Investor Relations section of our website at investor.opendoor.com. Please note that this call will be simultaneously webcast on the Investor Relations section of the company's corporate website.

Before we start, I would like to remind you that the following discussion contains forward-looking statements within the meaning of the Federal Securities Laws. All statements, other than statements of historical facts, are statements that could be deemed forward-looking, including, but not limited to, statements regarding Opendoor's financial condition, anticipated financial performance, business strategy and plans, market opportunity and expansion, and management objectives for future operations. These statements are neither promises nor guarantees, and undue reliance should not be placed on them.

Such forward-looking statements involve risks and uncertainties that may cause actual results to differ materially from those discussed here. Additional information that could cause actual results to differ from forward-looking statements can be found in the Risk Factors section of Opendoor's most recent Annual Report on Form 10-K for the year ended December 31, 2021, as updated by the periodic reports filed after that 10-K.

Any forward-looking statements made in this conference call, including responses to your questions, are based on management's reasonable current expectations and assumptions as of today, and Opendoor assumes no obligation to update or revise them, whether as a result of new developments or otherwise, except as required by law.