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Dec 31, 2023
Zillow Q4 2023 Earnings Report
Zillow Group's Q4 2023 financial results exceeded expectations, with revenue up 9% year over year.
Key Takeaways
Zillow Group's Q4 revenue was $474 million, a 9% increase year-over-year, exceeding the company's outlook. Residential revenue increased by 3%, rentals revenue grew by 37%, and mortgages revenue rose by 22%. The company reported a net loss of $73 million and an Adjusted EBITDA of $69 million.
Zillow Group's fourth-quarter results exceeded the company’s outlook for revenue and Adjusted EBITDA.
Q4 revenue was $474 million, up 9% year over year and above the midpoint of the company’s outlook range by $31 million.
Residential revenue was up 3% year over year in Q4 to $349 million, outperforming both the residential real estate industry total transaction value decline of 4% and the company’s outlook.
Rentals revenue of $93 million increased 37% year over year, primarily driven by multifamily revenue growing 52% year over year in Q4.
Revenue by Segment
Forward Guidance
Complete financial results and outlook for the first quarter of 2024 can be found in our shareholder letter on the Investor Relations section of Zillow Group’s website at
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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