Zillow Group Q3 revenue $483M, Adj. EBITDA $130M; both above outlook; Premier Agent revenue down 13% YoY

ZILLOW GROUP, INC.

2022-Q3 EPS reported -$0.12 revenue$1,523,000,000

Consolidated Q3 revenue from continuing ops $483M, above high end of outlook; IMT segment revenue $457M (-5% YoY), Premier Agent $312M (-13% YoY) but above outlook.
Mortgages segment revenue $26M (-63% YoY); purchase origination volume up 24% QoQ; segment Adj. EBITDA -$27M.
GAAP net loss from continuing ops $51M vs $18M net income YoY; consolidated Adj. EBITDA $130M, exceeding high end of outlook.
Cash and investments $3.5B; $176M share repurchases in Q3, $674M remaining under $1.8B authorization; convertible debt $1.7B.
iBuying wind-down complete; launched real-time tours in Atlanta; traffic 236M avg monthly unique users (+4% YoY).

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

ZILLOW GROUP, INC. reported the fiscal quarter ended September 30, 2022 results: revenue $483 million, net income $53 million.

Period: the fiscal quarter ended September 30, 2022
Revenue: $483 million
Net income: $53 million
Result: reported results

Exact text from the filing

consolidated results from continuing operations exceeded the company’s outlook for both revenue and Adjusted EBITDA. • Consolidated Q3 revenue from continuing operations was $483 million, above the high end of the company’s outlook range. ◦ IMT segment revenue of $457 million, while down 5% year over year, was above the high end of the company’s outlook range. ▪

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ZILLOW GROUP, INC. filing history →

Source: SEC EDGAR

accession 0001617640-22-000104

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