earnings
confidence high
sentiment neutral
materiality 0.70
Zillow Q4 revenue $435M beats outlook; net loss $72M; Premier Agent down 20% YoY
ZILLOW GROUP, INC.
2022-FY EPS reported
-$0.42
revenue$1,958,000,000
- Consolidated Q4 revenue $435M ($2.0B FY), above outlook; GAAP net loss from cont. ops $72M vs $6M income YoY.
- IMT segment revenue $417M (-14% YoY); Premier Agent $283M (-20% but beat industry decline); Rentals $68M (+13%).
- Mortgages segment revenue $18M (-65% YoY); loan origination volume $242M (-73% due to refi collapse).
- Adjusted EBITDA from cont. ops $73M (Q4) and $514M (FY); IMT segment margin 27% (Q4) vs 46% prior year.
- Cash & investments $3.4B; repurchased $174M of stock in Q4 ($947M FY); acquired VRX Media for Listing Media Services.