Zillow Beats Q4 Expectations with Strong Revenue Growth

Despite a net loss, Zillow's Q4 earnings surpass Wall Street predictions, showcasing significant revenue increase and operational advancements.

Zillow Group Inc. reported a Q4 loss of $73 million but exceeded analysts' revenue expectations with $474 million, marking a 9% year-over-year increase.
The company's adjusted earnings per share of 20 cents surpassed the average estimate of 12 cents by analysts.
Zillow's stock rose more than 3% in after-hours trading, reflecting investor optimism.
Despite a net loss for the year, Zillow's adjusted EBITDA for Q4 was $69 million, $19 million above expectations.
Zillow plans to expand its 'housing super app' to more markets in 2024, aiming to transform the home buying, selling, financing, and renting experience.