Zillow Q1 revenue rises 18.4% to $708 million, in line with estimates

Earnings

โดย Yahoo Finance·Read original

Summary · why it matters

Zillow reported first-quarter revenue of $708 million, up 18.4% year on year, matching analyst expectations. The company delivered a very strong quarter overall, with adjusted operating income and earnings per share significantly exceeding estimates. Despite these results, Zillow's stock fell 27.2% since the report, suggesting investor expectations were even higher than published projections. Among the 14 consumer discretionary real estate services stocks tracked, aggregate revenue beat consensus by 3.8%, though next-quarter guidance came in 6.7% below estimates. Howard Hughes Holdings posted the biggest beat, with revenue 20.4% above expectations, while RE/MAX was the weakest, missing revenue estimates by 2.7%.