Rocket earnings

By KIMBERLEY HAAS The CEO of Rocket Companies says they will achieve scaled growth and profitability through their AI-fueled homeownership strategy. Varun Krishna spoke during an earnings call Thursday after leaders at Rocket reported that their total net revenue for 2023 was $3.8 billion. In comparison, total net revenue was reported at $5.8 billion for 2022. Krishna started his comments by saying they delivered strong fourth-quarter and full-year results despite market challenges as the industry faced persistent strains in affordability and inventory. He pointed out that their purchase market share grew by 14% and their refinance market share grew by 10%. Krishna said by continuing to leverage artificial intelligence, they will transform an industry that is ripe for innovation. “With…