NASDAQ$Z

Zillow Group Inc · Q3 2022 earnings

Q3 2022 earnings · · Investor relations

Briefing

Zillow Group's Q3 2022 financial results were announced, revealing revenue above outlook and progress in growth initiatives.

Zillow Group's Q3 2022 consolidated revenue from continuing operations was $483 million, exceeding the company's outlook. The company reported a GAAP net loss of $53 million, but Adjusted EBITDA from continuing operations was $130 million, also exceeding expectations. Traffic to Zillow Group's mobile apps and websites reached 236 million average monthly unique users, a 4% year-over-year increase.

  • Zillow Group's Q3 consolidated revenue exceeded expectations.
  • IMT segment revenue was above the high end of the company's outlook range.
  • Consolidated GAAP net loss was $53 million.
  • Traffic to Zillow Group's mobile apps and websites increased 4% year over year.

Headline financials

Total Revenue

$483M

Previous: $1.74B-72.2%
EPS (adj)

$0.38

Previous: -$0.95+140.0%
Capital Expenditures

-$87M

Previous: -$45.4M-91.5%
Free Cash Flow

$4.33B

Previous: -$3.01B+244.1%
Net Income

-$53M

Previous: -$328M+83.9%
Operating Income

-$51M

Previous: -$282M+81.9%
Gross Profit

$394M

Previous: $241M+63.8%
Cash & Equivalents

$1.97B

Previous: $2.2B-10.1%
Total Assets

$6.72B

Previous: $10.8B-38.0%
Stock-Based Comp

$148M

Previous: $79.4M+86.4%

Revenue & EPS history

Zillow · Revenue · Quarterly

$483M

Q3 2022-72.2%vs Q3 2021
Beat estimate in 15 of 15 quarters(100%)
ActualEstimate

Revenue by segment

Zillow · $171M total across 3 segments · Q3 2022

  • Rentals Revenue
    $74M
  • Other Revenue
    $71M
  • Mortgages Revenue
    $26M-63.0%

Forward guidance

Complete financial results for the third quarter and outlook for the fourth quarter of 2022 can be found in our 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 Q3 2022

Historical avgQ3 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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