Offerpad Sees Dip In Revenue As It Preps For Public Debut :

Offerpad Sees Dip In Revenue As It Preps For Public Debut


Inman Connect
On the eve of its debut as a publicly traded company, iBuyer Offerpad reported earnings this month that show its revenue dipped year over year in the first quarter of 2021, but jumped significantly compared to the end of 2020.
The report shows that over the first three months of 2021 the iBuyer brought in $284 million in revenue. That’s down compared to the first quarter of 2020 — which was mostly before the coronavirus pandemic hit the U.S. — when the company earned more than $367 million in revenue. However, revenue during the first quarter of 2021 was up 27.2 percent compared to the final three months of 2020.

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