Better Home & Finance Holding, the parent of digital lender Better.com, delivered a massive loss in the third quarter of 2023, its first earnings report since it became public in late August. Executives at the company told analysts that more cost-cutting initiatives are needed in a shrinking market to reach profitability.  

Better reported a GAAP net loss of $340 million in the third quarter of 2023, an increase of 50% from negative $227 million in the same period of 2022, according to its 8-K filing with the Securities and Exchange Commission (SEC) on Tuesday. Meanwhile, adjusted details ⇒

BusinessMediaguide.Com portal received this content from this noted web source: HousingWire.Com