Zillow Q1 revenue $469M beats outlook; GAAP net loss $22M, Adjusted EBITDA $104M

ZILLOW GROUP, INC.

2023-Q1 EPS reported -$0.09 revenue$469,000,000

Q1 revenue $469M, $48M above outlook midpoint; Residential revenue $361M (-14% YoY) outpaced industry decline of 27%.
Premier Agent revenue fell 16% YoY, beating internal forecast of 23-28% decline; Rentals revenue up 21% to $74M.
GAAP net loss $22M (vs $16M profit in prior year); Adjusted EBITDA $104M, above outlook midpoint by $48M.
Cash and investments $3.4B, flat QoQ; repurchased $86M in stock during Q1; $414M remaining under $1.8B auth.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

ZILLOW GROUP, INC. reported financial results for the three months ended March 31, 2023.

Period: the three months ended March 31, 2023
Result: reported results

Exact text from the filing

Zillow Group, Inc. (“Zillow Group”) today issued a press release and a shareholder letter announcing its financial results for the fiscal quarter ended March 31, 2023.

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8 earnings releases filed in the last 30 days. Browse all earnings releases →

ZILLOW GROUP, INC. filing history →

Source: SEC EDGAR

accession 0001617640-23-000065

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