Zillow Swings to Q1 Profit, Revenue Increases; Sets Q2 Revenue Outlook

MT Newswires Live
08 May

Zillow Group (ZG, Z) reported Q1 net income late Wednesday of $0.03 per diluted share, compared with a $0.10 loss a year earlier.

Analysts polled by FactSet expected a $0.02 loss.

Revenue for the quarter ended March 31 was $598 million, up from $529 million a year earlier.

Analysts polled by FactSet expected $589.1 million.

For Q2, the real estate e-commerce company is projecting revenue of $635 million to $650 million. Analysts polled by FactSet are looking for $649.1 million.

Zillow shares recently were down 4.1% in after-hours activity.

Price: 63.75, Change: -2.69, Percent Change: -4.05

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