Zillow (Z) Q4 Revenues Beat

Zillow (NASDAQ: Z) (NASDAQ: ZG) reported Q4 revenue $3.9 billion versus the consensus estimate of $2.69 billion.

"Zillow has a rock-solid financial foundation and a core IMT business in which we are reporting record profits today. More interestingly, we have major untapped business potential due to our leading audience, brand, partner network, and R&D leadership," said Zillow co-founder and CEO Rich Barton. "In 2021, we estimate that nearly one-quarter of all buyers in the U.S. reached out to connect with Zillow during their shopping process, yet we only generated revenue on an estimated 3% of total customer transactions. We're investing aggressively in innovations that help both buyers and sellers by delivering an integrated set of tech-enabled solutions on our 'housing super app' along with our excellent partners. We know millions of movers today start with Zillow, and in the future, we plan to be with them every step of their journey."

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

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