Zillow Shares Gains 6% Following Q4 Beat

Zillow Shares Gains 6% Following Q4 Beat Feb. 14, 2024, 5:28 p.m., readers: 185

Zillow (NASDAQ:ZG) experienced a surge of over 6% in its share price intra-day today, following the announcement of its fourth-quarter earnings. The company exceeded expectations for both revenue and adjusted EBITDA and provided a positive forecast for 2024. The company reported a revenue of $474 million for the quarter, surpassing the consensus estimate of $451.21 million. Notably, the Mortgages segment of Zillow contributed $22 million to this total, exceeding the forecast of $20.7 million. Additionally, Zillow's adjusted EBITDA reached $69 million, far above the anticipated $58.3 million. The platform also saw 2.2 billion visits during the quarter, in line with analyst projections.

About NASDAQ: ZG

Z illow Group, Inc., a digital real estate company, operates real estate brands on mobile applications and Websites in the United States. The company operates through three segments: Homes; Internet, Media & Technology;

Price: 42.70
Market cap: 10.1 billion USD
Eps: -0.68
P/e ratio: -62.79
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