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Dec 31, 2021

Zillow Q4 2021 Earnings Report

Reported consolidated financial results, exceeding expectations at a consolidated level and for all three reportable segments.

Key Takeaways

Zillow Group's Q4 results met or exceeded the company’s outlook at a consolidated level and for all three reportable segments. Consolidated Q4 revenue was $3.9 billion. Consolidated GAAP net loss was $261 million.

Zillow Group’s Q4 results met or exceeded the company’s outlook at a consolidated level and for all three reportable segments.

Consolidated Q4 revenue was $3.9 billion.

IMT segment revenue grew 14% year over year to $483 million for Q4, above the $481 million midpoint of the company’s outlook range.

Homes segment revenue of $3.3 billion for Q4 well exceeded the company’s outlook as the wind-down of iBuying operations progressed faster than anticipated.

Total Revenue
$3.88B
Previous year: $789M
+392.0%
EPS
-$0.42
Previous year: $0.41
-202.4%
Gross Profit
$467M
Previous year: $472M
-0.9%
Cash and Equivalents
$2.32B
Previous year: $3.9B
-40.6%
Free Cash Flow
-$243M
Previous year: -$338M
-28.1%
Total Assets
$10.7B
Previous year: $7.49B
+42.9%

Zillow

Zillow

Zillow Revenue by Segment

Forward Guidance

Complete financial results and outlook for the first quarter of 2022 can be found in the company’s shareholder letter on the Investor Relations section of Zillow Group’s website.

Revenue & Expenses

Visualization of income flow from segment revenue to net income