Zillow Q1 revenue $529M (+13% YoY), beats outlook; Adjusted EBITDA $125M

ZILLOW GROUP, INC.

2024-Q1 EPS reported -$0.10 revenue$529,000,000

Q1 revenue $529M, above outlook midpoint by $26M; Residential $393M (+9%), Rentals $97M (+31%), Mortgages $31M (+19%).
GAAP net loss $23M ($0.10 loss per share) vs $22M loss a year ago; non-GAAP net income $93M ($0.36 diluted).
Adjusted EBITDA $125M (24% of revenue), $25M above outlook midpoint, driven by higher Residential revenue.
Purchase loan origination volume $601M, up 132% YoY; mortgage marketplace revenue partially offset by lower refinance activity.
Cash and investments $2.9B at quarter end; average monthly unique users 217M, flat YoY.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 1.0

ZILLOW GROUP, INC. reported the three months ended March 31, 2024 results: revenue $529 million, net income Net loss was $23 million, EPS $(0.10) per share.

Period: the three months ended March 31, 2024
Revenue: $529 million
Net income: Net loss was $23 million
EPS: $(0.10) per share
Result: reported results

Exact text from the filing

and their loan officers.” Recent highlights include: • Zillow Group’s first-quarter results exceeded the company’s outlook for revenue and Adjusted EBITDA. • Q1 revenue was $529 million, up 13% year over year and above the midpoint of the company’s outlook range by $26 million. ◦ Residential revenue was up 9% year over year in Q1 to $393 million, outperforming

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Source: SEC EDGAR

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