Zillow (NASDAQ: Z) (NASDAQ: ZG) shares were trading around 19% higher after-hours following the company’s reported Q4 results, with revenue coming in at $3.9 billion, beating the consensus estimate of $2.69 billion.

The company met or exceeded its outlook at a consolidated level and for all three reportable segments. (1) IMT segment revenue grew 14% year-over-year to $483 million. Premier Agent revenue was $354 million (up 13% year-over-year) as the company continued to execute on making connections between high-intent customers and high-performing agents. (2) Homes segment revenue of $3.3 billion also came above the company’s outlook as the wind-down of iBuying operations progressed faster than anticipated. (3) Mortgages segment revenue came in at $51 million.

The company provided its Q1/22 outlook, expecting consolidated revenue to range from 3,123 million to 3,443 million. The company also introduced new 2025 targets, expecting consolidated annual revenue of $5 billion and an adjusted EBITDA margin of 45%.