Zillow’s Earnings Smashed Forecasts as Housing Market Strengthens

Zillow’s Earnings Smashed Forecasts as Housing Market Strengthens
Eric J. Savitz
·3 min read

Driven by continued strength in the residential real-estate market, Zillow Group posted better-than-forecast first quarter results. Zillow beat its own forecasts in all of its business segments. In the Homes segment, which includes the Zillow Offers iBuyer business, revenue was $704.1 million, down 9% from a year ago, but well above the guidance range of $595 million to $620 million.