Zillow: Q4 Earnings Snapshot
By AP News
Published - Feb 13, 2024, 04:53 PM ET
Last Updated - Feb 13, 2024, 04:53 PM EST
SEATTLE (AP) — SEATTLE (AP) — Zillow Group Inc. (ZG) on Tuesday reported a loss of $73 million in its fourth quarter.
The Seattle-based company said it had a loss of 32 cents per share. Earnings, adjusted for stock option expense and non-recurring costs, were 20 cents per share.
The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 12 cents per share.
The online real estate marketplace posted revenue of $474 million in the period, also beating Street forecasts. Seven analysts surveyed by Zacks expected $450.7 million.
