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Mar 31, 2024
Zillow Q1 2024 Earnings Report
Zillow's Q1 2024 financial results were reported, showing revenue growth and exceeding expectations.
Key Takeaways
Zillow Group's Q1 2024 revenue was $529 million, a 13% increase year-over-year, exceeding the company's outlook. Residential revenue increased by 9%, Rentals revenue by 31%, and Mortgages revenue by 19%. The company reported a net loss of $23 million and an adjusted EBITDA of $125 million.
Zillow Group's first-quarter results exceeded the company’s outlook for revenue and Adjusted EBITDA.
Q1 revenue was $529 million, up 13% year over year and above the midpoint of the company’s outlook range by $26 million.
On a GAAP basis, net loss was $23 million, or 4% of total revenue, in Q1, compared with $22 million, or 5% of total revenue, in Q1 2023.
Q1 Adjusted EBITDA was $125 million, or 24% of total revenue, $25 million above the midpoint of the company’s outlook range, driven primarily by higher-than-expected Residential revenue.
Revenue by Segment
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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