Zillow jumps after better-than-expected Q3 rev

Zillow

07/11/2024 12:55

** Shares of Zillow Group  ZG.O  jump 12.3% premarket to $63, a
one-month high, after online real estate broker's qtrly rev
topped expectations
** Co late Weds posted Q3 rev of $581 mln, up 17% y/y, above
LSEG estimate of $555.3 mln
    ** Reported loss in qtr of $20 mln was narrower than $28 mln
loss a yr-ago. Analysts on avg expected loss of $17.7 mln
** Residential rev increased 12% to $405 mln, benefiting from
more buyers and sellers transacted with Zillow agent partners,
co said
    ** CEO 
    echnology to 
  
    
      
    
  
    
      
    
  
    
      
    
  

(Lance Tupper is a Reuters market analyst. The views expressed
are his own)
((lance.tupper@thomsonreuters.com
lance.tupper@tr.com 1-646-279-6380))