NASDAQ$Z

Zillow Group Inc · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

Reported consolidated financial results, exceeding expectations at a consolidated level and for all three reportable segments.

Zillow Group's Q4 results met or exceeded the company’s outlook at a consolidated level and for all three reportable segments. Consolidated Q4 revenue was $3.9 billion. Consolidated GAAP net loss was $261 million.

  • Zillow Group’s Q4 results met or exceeded the company’s outlook at a consolidated level and for all three reportable segments.
  • Consolidated Q4 revenue was $3.9 billion.
  • IMT segment revenue grew 14% year over year to $483 million for Q4, above the $481 million midpoint of the company’s outlook range.
  • Homes segment revenue of $3.3 billion for Q4 well exceeded the company’s outlook as the wind-down of iBuying operations progressed faster than anticipated.

Headline financials

Total Revenue

$3.88B

Previous: $789M+392.0%
EPS (adj)

-$0.42

Previous: $0.41-202.4%
Capital Expenditures

$27.9M

Previous: $12.5M+122.6%
Free Cash Flow

-$243M

Previous: -$338M+28.1%
Net Income

-$261M

Previous: $46M-667.4%
Operating Income

-$259M

Previous: $46.6M-656.1%
Gross Profit

$467M

Previous: $472M-0.9%
Cash & Equivalents

$2.32B

Previous: $3.9B-40.6%
Total Assets

$10.7B

Previous: $7.49B+42.9%
Stock-Based Comp

$80.2M

Previous: $52.4M+52.9%

Revenue & EPS history

Zillow · Revenue · Quarterly

$3.88B

Q4 2021+392%vs Q4 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%

Forward guidance

Complete financial results and outlook for the first 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 Q4 2021

Historical avgQ4 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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