NASDAQ$Z

Zillow Group Inc · Q1 2021 earnings

Q1 2021 earnings · · Investor relations

Briefing

Zillow Group's first quarter results exceeded expectations, demonstrating progress towards a seamless real estate transaction.

Zillow Group reported consolidated first-quarter revenue of $1.2 billion, with each segment exceeding the high end of the company's outlook. Consolidated net income was $52 million, and Adjusted EBITDA reached $181 million.

  • Consolidated first-quarter revenue reached $1.2 billion, surpassing expectations for all segments.
  • Net income for the first quarter was $52 million.
  • Adjusted EBITDA for the first quarter exceeded expectations, totaling $181 million.
  • Traffic to Zillow Group's mobile apps and websites increased by 15% year over year, reaching 221 million average monthly unique users.

Headline financials

Total Revenue

$1.22B

Previous: $1.13B+8.2%
EPS (adj)

$0.44

Previous: -$0.25+276.0%
Capital Expenditures

-$11.5M

Previous: -$33M+65.2%
Free Cash Flow

$230M

Previous: $269M-14.4%
Net Income

$52M

Previous: -$163M+131.8%
Operating Income

$87.6M

Previous: -$145M+160.6%
Gross Profit

$531M

Previous: $364M+45.9%
Cash & Equivalents

$3.4B

Previous: $1.57B+117.0%
Total Assets

$8.26B

Previous: $5.87B+40.6%
Stock-Based Comp

$64M

Previous: $43.8M+46.1%

Revenue & EPS history

Zillow · Revenue · Quarterly

$1.22B

Q1 2021+8.2%vs Q1 2020
Beat estimate in 10 of 16 quarters(63%)
ActualEstimate

Revenue by segment

Zillow · $496M total across 4 segments · Q3 2023

  • Residential Revenue
    $362M
  • Rentals Revenue
    $99M+33.8%
  • Mortgages Revenue
    $24M-7.7%
  • Other Revenue
    $11M-84.5%

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2021

Historical avgQ1 2021

+1.5%

Avg return

Earnings day

+0.1%

Avg return

5 days after

-0.8%

Avg return

30 days after

56%

24 / 43 earnings

Positive

+27.1%

Q4 2018

Best reaction

-32.6%

Q3 2021

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-1.9%-11.0%-21.3%
Q4 2025-16.5%-20.6%-21.6%
Q3 2025+4.2%+1.8%+3.7%
Q1 2025+0.0%+3.6%+3.6%
Q4 2024-9.4%-7.4%-18.2%
Q3 2024+15.7%+20.7%+30.9%
Q2 2024+16.5%+20.3%+25.7%
Q1 2024-6.4%-2.0%-3.8%
Q4 2023+4.7%-1.2%-0.6%
Q3 2023-2.1%+2.4%+19.6%
Q2 2023-0.6%+1.2%-5.1%
Q1 2023+8.8%+12.7%+9.0%
Q4 2022+5.2%+0.8%-10.8%
Q3 2022+5.3%+8.8%+24.9%
Q2 2022-1.0%-3.2%-9.1%
Q1 2022-13.8%-17.4%-10.9%
Q4 2021+11.6%+31.2%-3.1%
Q3 2021-32.6%-32.0%-44.2%
Q2 2021-7.4%-8.6%-10.7%
Q1 2021-9.5%-5.7%-13.7%
Q4 2020+15.0%+17.2%-10.7%
Q3 2020+18.5%+0.4%+7.0%
Q2 2020+13.0%+6.7%+18.8%
Q1 2020+22.0%+13.3%+36.6%
Q4 2019+21.7%+14.2%-48.0%
Q3 2019+11.7%+12.5%+22.1%
Q2 2019-15.0%-25.2%-36.5%
Q1 2019+3.3%+5.9%+33.5%
Q4 2018+27.1%+21.0%+2.5%
Q3 2018-25.9%-25.2%-8.5%
Q2 2018-13.9%-14.9%-17.2%
Q1 2018+4.3%+3.9%+17.7%
Q4 2017+1.3%+0.4%+23.9%
Q3 2017+0.5%-3.1%+0.8%
Q2 2017-8.2%-13.7%-18.2%
Q1 2017+11.7%+8.4%+14.5%
Q4 2016-5.7%-6.0%-3.8%
Q3 2016+5.2%+3.3%+1.5%
Q2 2016-4.2%-7.4%-11.0%
Q1 2016+11.9%
Q4 2015+6.1%
Q3 2015-2.8%
Q2 2015-5.3%
Q1 2015
Q4 2014
Q3 2014
Q2 2014
Q1 2014
Q4 2013
Q3 2013
Q2 2013
Q1 2013
Q4 2012
Q3 2012
Q2 2012
Q1 2012
Q4 2011
Q3 2011
Q2 2011
Q1 2011
Q4 2010
Q3 2010
Q2 2010
Q1 2010

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