Cowen Upgrades Zillow (Z) to Market Perform
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Zillow Group Reports First Quarter 2016 Results; Raises Full-Year Revenue Outlook
May 3, 2016 4:06 PM EDTFirst quarter total Revenue of $186 million, an increase of 25% year-over-year on a pro forma basis, excluding revenue from Market Leader, which was divested in the third quarter of 2015.Real Estate Revenue of $152.5 million, an increase of 34% year-over-year on a pro forma basis.Full-year Revenue outlook raised to a range of $825 million to $835 million.All-time high of more than 166 million unique users in March to Zillow Group consumer brands Zillow®, Trulia®, StreetEasy® and HotPads®, an increase of 22% year-over-year; Average monthly unique users during the first quarter reached more than 156 million.
             SEATTLE, May 03, 2016... More
