
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.
Consensus view 18 months ago was that $CSGP will decimate $ZG with launch of https://t.co/o77bpOo1s4 It seems $ZG is nibbling into https://t.co/JoyR2avr5K's share. Zillow rentals now $453mm business and guided to grow 30% in 2025. Disruptor is getting disrupted here https://t.co/XZSoukRRk7
We were thinking that $CSGP will eat $ZG's with launch of https://t.co/o77bpOo1s4. It seems $ZG is nibbling into https://t.co/JoyR2avr5K's share. Zillow rentals now $453mm business and guided to grow 30% in 2025. It is safe to conclude Andy is losing this battle big time. https://t.co/dO4Qk5o91f
Zillow -17%





