Feb 12, 12:12 AM

Zillow Reports Q4 2024 Revenue of $554M, Adjusted EBITDA of $112M, Net Loss of $52M, Announces Redfin Partnership

Zillow Group, Inc. reported its fourth-quarter earnings for 2024, revealing a revenue of $554 million, which exceeded expectations of $544.96 million and marked a 17% increase year-over-year. The company also reported an adjusted EBITDA of $112 million, surpassing the estimate of $107.76 million. However, Zillow recorded a net loss of $52 million for the quarter. In addition to its financial results, Zillow announced a partnership with Redfin aimed at enhancing its rental business, which has seen substantial growth, contributing $116 million in revenue. For the first quarter of 2025, Zillow provided guidance for revenue between $575 million and $590 million, below the market expectation of $598.5 million, leading to an 8% drop in its shares in after-hours trading.

#Zillow #Redfin

Written with ChatGPT (GPT-4o mini).