Zillow (NASDAQ: Z) (NASDAQ: ZG) reported Q4 revenue for the quarter came in at $943.9 million versus the consensus estimate of $810.94 million.

Recent highlights include:

• Fourth quarter consolidated revenue grew 158% year over year to a record $943.9 million. Full year consolidated revenue more than doubled year over year to $2.7 billion.
• Internet, Media & Technology (IMT) cost control and operating leverage drove significant margin expansion in the fourth quarter and full year.
• Premier Agent year-over-year revenue growth continued to accelerate in the fourth quarter.
• Fourth quarter and full year 2019 Homes segment revenue and Adjusted EBITDA significantly outperformed expectations, delivering $603.2 million in revenue in the fourth quarter.
• In the fourth quarter of 2019, Zillow Offers entered three new markets, including Los Angeles, the largest market to date. Zillow Offers is now available in 23 markets. During the quarter, Zillow sold 1,902 homes and purchased 1,787 homes, ending the quarter with 2,707 homes in inventory.
• Traffic to Zillow Group mobile apps and websites reached nearly 173 million average monthly unique users for the three months ended Dec. 31, 2019, an increase of 10% year over year, driving 1.8 billion visits during the quarter. The company reported a record 8.1 billion visits for the year ended Dec. 31, 2019, up 12% year over year.
• Zillow Group ended the year with $2.4 billion in cash, cash equivalents and investments.

"In all, I'd characterize 2019 as tumultuously remarkable," said CEO and Zillow co-founder Rich Barton. "We're in the midst of a multi-year expansion to rewire real estate transactions and streamline how our customers buy, sell, rent and borrow that dramatically expands our market opportunity and profit potential. Our team's strong execution delivered record Q4 and full year results that beat our outlook on every measure."

"Our Premier Agent business is solid, and we have started 2020 with some of the best retention rates we've seen in recent history."

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