earnings
confidence high
sentiment positive
materiality 0.75
Zillow Q3 revenue $581M (+17% YoY), beats outlook; Adj. EBITDA $127M
ZILLOW GROUP, INC.
2024-Q3 EPS reported
-$0.26
revenue$1,682,000,000
- Total revenue $581M, up 17% YoY, $28M above outlook midpoint.
- GAAP net loss $20M; Adjusted EBITDA $127M (22% of revenue), $24M above midpoint.
- Residential revenue $405M (+12% YoY); Rentals $123M (+24%); Mortgages $39M (+63%).
- Purchase loan origination volume $812M, up 80% YoY.
- Cash and investments $2.2B, down from $2.6B at Q2 end.