earnings
confidence high
sentiment positive
materiality 0.75
Zillow Q1 revenue $4.3B, net income $16M; board authorizes additional $1B buyback
ZILLOW GROUP, INC.
2022-Q1 EPS reported
$0.06
revenue$4,257,000,000
- Revenue of $4.257B; IMT segment up 10% YoY to $490M; Homes revenue $3.7B from iBuying wind-down.
- GAAP net income $16M ($0.06 diluted EPS); Adjusted EBITDA $220M, exceeding outlook high end.
- Board authorized $1B additional share repurchase; ~$100M remains under prior $750M authorization.
- Cash and investments $3.6B, up from $3.1B in Q4 2021, after $348M in Q1 buybacks.
- Traffic: 211M monthly unique users (-5% YoY); 2.6B visits (+5% YoY).