Zillow Group Inc Class A ( (ZG) ) has released its Q4 earnings. Here is a breakdown of the information Zillow Group Inc Class A presented to its investors.
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Zillow Group, Inc. is a leading real estate technology company in the United States, offering a digital platform that connects buyers, sellers, renters, and real estate professionals, aiming to transform and digitize the residential real estate market.
In its latest financial results for the fourth quarter and full year of 2024, Zillow Group reported a strong performance with double-digit revenue growth, surpassing its own revenue and adjusted EBITDA expectations. The company highlighted its significant achievements in 2024 and expressed optimism about maintaining its growth trajectory into 2025.
Key financial metrics reveal that Zillow Group’s fourth-quarter revenue increased by 17% year-over-year to $554 million, with full-year revenue reaching $2.2 billion, up 15% from the previous year. Significant growth was noted in the mortgages and rentals segments, with mortgages revenue up by 86% and rentals revenue increasing by 25% year-over-year in Q4. Despite a net loss of $52 million in Q4, the company’s adjusted EBITDA for the quarter was $112 million, reflecting a strong operational performance.
Looking ahead, Zillow Group remains committed to leveraging its leading brand and solid foundation to continue serving its diverse clientele of buyers, sellers, renters, and real estate professionals. The company aims to capitalize on its momentum and further innovate in the real estate sector in the coming year.
