earnings
confidence high
sentiment positive
materiality 0.85
Zillow Q4 revenue $554M (+17% YoY), beat outlook; expects GAAP profitability in 2025
ZILLOW GROUP, INC.
2024-FY EPS reported
-$0.48
revenue$2,236,000,000
- Q4 revenue $554M (+17% YoY), above guidance midpoint by $21M; full-year revenue $2.2B (+15% YoY).
- GAAP net loss $52M in Q4 vs $73M a year ago; full-year net loss $112M vs $158M.
- Adjusted EBITDA $112M (20% margin) in Q4, $498M (22% margin) for full year, up 200 bps.
- Mortgages revenue surged 86% to $41M in Q4; purchase loan origination +90% to $923M.
- Management projects positive GAAP net income in 2025, with a long-term path to $5B revenue and 45% EBITDA margin.