Why Zillow Stock Popped 23% This Week [Yahoo! Finance]
Zillow Group, Inc. - Class C Capital Stock (Z)
Last zillow group, inc. - class c capital stock earnings: 8/6 04:06 pm
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Source: Yahoo! Finance
Zillow's share price was up by 23%, as of this writing, adding to the company's phenomenal gains of 94% over the past 12 months. Start Your Mornings Smarter! Wake up with Breakfast news in your inbox every market day. Sign Up For Free » The housing market has been stymied recently thanks to high mortgage rates and rising house prices, but Zillow's third-quarter results show the company can still thrive during difficult times in the market. Zillow reported revenue of $581 million, up 17% from the year-ago quarter and ahead of Wall Street's consensus estimate of $555 million. The company also reported impressive adjusted earnings before interest, taxes, depreciation, and amortization ( EBITDA ) of $127 million, which was $24 million higher than the company's midpoint of guidance. Zillow's management highlighted a few key contributors to its growth in the quarter, including its residential revenue that increased 12% from the year-ago quarter to $405 million. That jump came as "m
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Z
Earnings
- 11/6/24 - Beat