NASDAQ$Z
Zillow Group Inc · Q1 2023 earnings
Q1 2023 earnings · · Investor relations
Briefing
Zillow's Q1 2023 financial results were reported, exceeding the company's outlook for both revenue and Adjusted EBITDA.
Zillow Group reported Q1 2023 revenue of $469 million, exceeding the company's outlook. Residential revenue decreased by 14% year over year to $361 million, while Rentals revenue increased by 21% year over year to $74 million. Mortgages revenue was $26 million, a decrease of 43%. The company's net loss was $22 million, and Adjusted EBITDA was $104 million.
- Zillow Group’s first-quarter results exceeded the company’s outlook for both revenue and Adjusted EBITDA.
- Q1 revenue was $469 million, above the midpoint of the company’s outlook range by $48 million.
- On a GAAP basis, net loss was $22 million in Q1.
- Cash and investments were $3.4 billion at the end of Q1, flat from the end of 2022, after $86 million in share repurchases in the quarter.
Headline financials
Revenue & EPS history
Zillow · Revenue · Quarterly
$469M
Revenue by segment
Zillow · $469M total across 4 segments · Q1 2023
- Residential Revenue$361M—77.0%
- Rentals Revenue$74M+21.3%15.8%
- Mortgages Revenue$26M-43.5%5.5%
- Other Revenue$8M—1.7%
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 2023
+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
| Quarter | Report date | Reaction (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% | — | — | |
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| Q1 2010 | — | — | — |
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