Summary by Moomoo AI
BETTER HOME & FINANCE HOLDING (BETR) reported its financial performance for the quarter ended June 30, 2024. The company's net revenues increased to $32.3 million from $31.1 million in the same quarter of the previous year. This was driven by a gain on loans, net, of $24.2 million, despite a decrease from $26.4 million in the prior year. Other revenue decreased to $2.9 million from $4.7 million, and net interest income turned positive at $5.2 million compared to a loss previously. The company experienced a net loss of $41.4 million, a slight improvement from a net loss of $44 million in the same period last year. BETTER HOME & FINANCE HOLDING also highlighted its business development, noting its focus on leveraging proprietary technology to enhance the automation of the home finance process...Show More