Zillow (Z) Q4 Revenues Beat

Zillow (NASDAQ: Z) reported Q4 revenue of $789 million versus the consensus estimate of $740.24 million. Fourth-quarter Adjusted EBITDA exceeded the high end of the company's outlook for all three segments, resulting in consolidated Adjusted EBITDA of $170 million. Consolidated Adjusted EBITDA was $343 million for full year 2020, driven primarily by Adjusted EBITDA margin expansion in the IMT segment, along with improved Mortgages and Homes segment margins.

"Zillow's strong results reflect exemplary execution and continued growth during the scary roller-coaster ride that was 2020," said Zillow Group co-founder and CEO Rich Barton. "Many Americans who had previously dreamed of moving now have the flexibility to do so, and they flocked to Zillow in record numbers. We are investing aggressively in new technology and services to help them move. Our customers are hungry for the kind of seamless experience that we can now provide at Zillow, and we are poised to capitalize on our strong position in 2021."

For earnings history and earnings-related data on Zillow (Z) click here.

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