Zillow Group (ZG) PT Cut to $31 at Susquehanna on Mediocre 3Q and Soft Outlook
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Zillow Group Reports Third Quarter 2016 Results
November 1, 2016 4:07 PM EDTRecord Revenue of $224.6 million increased 35% year-over-year, excluding revenue from Market Leader, which was divested in the third quarter of 2015.Marketplace Revenue of $206.9 million increased 45% year-over-year, excluding revenue from Market Leader.Record GAAP net income of $6.8 million increased 126% year-over-year; Adjusted EBITDA of $59.5 million increased 102% year-over-year. More than 164 million average monthly unique users visited Zillow Group consumer brands Zillow®, Trulia®, StreetEasy®, HotPads® and Naked Apartments® during the quarter.Zillow Group captured nearly three quarters of total market share for the mobile-only real estate category.
SEATTLE, Nov. 01, 2016 (GLOBE NEWSWIRE)... More
