Zillow Q3 2020 Earnings Report
Key Takeaways
Zillow Group's Q3 2020 results showed strong financial performance with total consolidated revenue of $657 million. The company reported a consolidated GAAP net income of $40 million and Adjusted EBITDA of $152 million. Traffic to Zillow Group's mobile apps and websites reached a record 236 million average monthly unique users.
Total consolidated revenue reached $657 million, exceeding the high end of the company’s revenue outlook for the third quarter.
Segment income before income taxes was $140 million, $(76) million and $11 million for the IMT, Homes, and Mortgages segments, respectively, with consolidated GAAP net income at $40 million.
Adjusted EBITDA exceeded the high end of the company’s outlook for all three segments, resulting in consolidated Adjusted EBITDA of $152 million.
Zillow Group's mobile apps and websites reached a record 236 million average monthly unique users, an increase of 21% year over year.
Zillow
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Zillow Revenue by Segment
Revenue & Expenses
Visualization of income flow from segment revenue to net income