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Mar 31, 2020
Zillow Q1 2020 Earnings Report
Zillow's Q1 2020 financial results met or exceeded pre-COVID-19 outlook, demonstrating real estate's resiliency.
Key Takeaways
Zillow Group's Q1 2020 consolidated revenue grew 148% year over year to $1.1 billion, driven by Zillow Offers and Premier Agent business, despite headwinds from the coronavirus pandemic. The company ended the quarter with a strong balance sheet, with cash and investments growing to $2.6 billion.
Total consolidated revenue grew 148% year over year to $1.1 billion.
Premier Agent year-over-year revenue growth accelerated to 11%.
Homes segment revenue outperformed company expectations, delivering nearly $770 million in revenue.
Traffic to Zillow Group’s mobile apps and websites reached 192.5 million average monthly unique users, an increase of 6% year over year.
Revenue by Segment
Historical Earnings Impact
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Avg. Return Before/After Earnings
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