NASDAQ$Z

Zillow Group Inc · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

Zillow Group's Q1 2022 financial results were announced, revealing revenue of $4.3 billion and a net income of $16 million.

Zillow Group's Q1 2022 results demonstrated strong performance, with revenue exceeding expectations at $4.3 billion. The company's focus remains on developing new products and services to realize its housing super app vision.

  • Zillow Group's Q1 results met or exceeded the company’s outlook at a consolidated level and for all three reportable segments.
  • Consolidated Q1 revenue was $4.3 billion.
  • Consolidated GAAP net income was $16 million in Q1.
  • Traffic to Zillow Group’s mobile apps and websites in Q1 was 211 million average monthly unique users, a decrease of 5% year over year.

Headline financials

Total Revenue

$4.26B

Previous: $1.22B+249.4%
EPS (adj)

$0.49

Previous: $0.44+11.4%
Capital Expenditures

-$33M

Previous: -$11.5M-187.3%
Free Cash Flow

$3.36B

Previous: $230M+1359.3%
Net Income

$16M

Previous: $52M-69.2%
Operating Income

$57M

Previous: $87.6M-34.9%
Gross Profit

$635M

Previous: $531M+19.5%
Cash & Equivalents

$2.59B

Previous: $3.4B-23.7%
Total Assets

$7.82B

Previous: $8.26B-5.3%
Stock-Based Comp

$91M

Previous: $64M+42.2%

Revenue & EPS history

Zillow · Revenue · Quarterly

$4.26B

Q1 2022+249.4%vs Q1 2021
Beat estimate in 10 of 16 quarters(63%)
ActualEstimate

Revenue by segment

Zillow · $107M total across 2 segments · Q1 2022

  • Rentals Revenue
    $61M
  • Mortgages Revenue
    $46M-32.3%

Forward guidance

Complete financial results for the first quarter and outlook for the second quarter of 2022 can be found in the company’s shareholder letter on the Investor Relations section of Zillow Group’s website

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 2022

Historical avgQ1 2022

+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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