General World News

Better narrows loss in 2023, aims to reach profitability soon

Better Home & Finance Holding Co., the parent of digital lender, narrowed its net loss between the third and fourth quarters of 2023 by more than 80%, driven by expense cuts to its platform and marketing efforts.

Going forward, Better is focused on driving market share and reaching profitability in the medium term. The digital lender made changes in its commercial operating model to achieve this goal and will continue to invest in Tinman, its proprietary technology platform.

Better posted a GAAP net loss of $59.5 million in Q4 2023, down from a loss of $339.4 details ⇒

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