Zillow Group Inc Class C ( (Z) ) has released its Q4 earnings. Here is a breakdown of the information Zillow Group Inc Class C presented to its investors.
Zillow Group, Inc., a leader in transforming how people buy, sell, rent, and finance homes, operates in the real estate sector, offering digital solutions and services to facilitate real estate transactions. In its latest earnings report, Zillow Group announced a successful 2024, surpassing its revenue and Adjusted EBITDA expectations for the fourth quarter. The company’s revenue for Q4 2024 increased by 17% year-over-year to $554 million, and full-year revenue grew by 15% to $2.2 billion. Notably, Rentals and Mortgages segments showed significant growth, with Rentals revenue up by 25% and Mortgages revenue surging by 86% year-over-year in Q4. Despite a net loss of $52 million in Q4, the company improved its net loss margin to 9% from 15% the previous year. Adjusted EBITDA also increased to $112 million in Q4, accounting for 20% of the revenue. Looking forward, Zillow Group remains optimistic about maintaining its growth trajectory in 2025, focusing on expanding its digital real estate solutions to serve more customers and strengthen its market position.