Better Home Finance Holding Co (BETR)

Better Home Finance Holding Co. Stock (BETR) dropped by 7.83% from $0.4638 to $0.4275 in the trading on Tuesday November 14, 2023. The reason why BETR stock down today is due to the Q3 2023 Earnings. Better Home & Finance revealed its financial results for the Q3 of 2023. The company faced significant challenges in the mortgage origination market, resulting in a net loss of $340 million and an Adjusted EBITDA loss of $54.4 million for the quarter. BETR maintained revenue at $16.4 million and demonstrated effective cost management by reducing total expenses by 45% compared to the same period last year.