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Sep 30, 2020
Zillow Q3 2020 Earnings Report
Zillow's financial performance was strong, demonstrating impressive execution amidst challenges, driven by record housing demand and engagement with digital real estate brands.
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.
Revenue by Segment
Historical Earnings Impact
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Avg. Return Before/After Earnings
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