Zillow: Q1 Earnings Snapshot
By AP News
Published - May 03, 2023, 06:33 PM ET
Last Updated - Jun 21, 2023, 11:10 PM EDT
SEATTLE (AP) — SEATTLE (AP) — Zillow Group Inc. (ZG) on Wednesday reported a loss of $22 million in its first quarter.
On a per-share basis, the Seattle-based company said it had a loss of 9 cents. Earnings, adjusted for stock option expense and asset impairment costs, came to 35 cents per share.
The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 15 cents per share.
The online real estate marketplace posted revenue of $469 million in the period, also exceeding Street forecasts. Five analysts surveyed by Zacks expected $421.4 million.
