NASDAQ$Z

Zillow Group Inc · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

Zillow's Q4 2022 financial results exceeded expectations, driven by higher-than-anticipated margins in the IMT segment.

Zillow Group's Q4 results exceeded expectations with consolidated revenue of $435 million. The company focused on building its housing super app amidst a slow housing market. Key highlights include outperforming revenue in the IMT segment and growth in Rentals revenue.

  • Zillow Group's fourth-quarter results exceeded the company’s outlook at a consolidated level for both revenue and Adjusted EBITDA.
  • Consolidated Q4 revenue was $435 million.
  • IMT segment revenue was above the high end of the company’s outlook range, declining 14% year over year to $417 million.
  • Rentals revenue increased 13% year over year to $68 million.

Headline financials

Total Revenue

$435M

Previous: $3.88B-88.8%
EPS (adj)

$0.21

Previous: -$0.42+150.0%
Capital Expenditures

$28M

Previous: $27.9M+0.5%
Free Cash Flow

$56M

Previous: -$243M+123.0%
Net Income

-$72M

Previous: -$261M+72.4%
Operating Income

-$73M

Previous: -$259M+71.9%
Gross Profit

$346M

Previous: $467M-25.9%
Cash & Equivalents

$3.4B

Previous: $2.32B+46.9%
Total Assets

$6.56B

Previous: $10.7B-38.6%
Stock-Based Comp

$110M

Previous: $80.2M+37.1%

Revenue & EPS history

Zillow · Revenue · Quarterly

$435M

Q4 2022-88.8%vs Q4 2021
Beat estimate in 15 of 15 quarters(100%)
ActualEstimate

Revenue by segment

Zillow · $152M total across 3 segments · Q4 2022

  • Rentals Revenue
    $68M
  • Other Revenue
    $66M
  • Mortgages Revenue
    $18M-64.6%

Forward guidance

Complete financial results and outlook for the first quarter of 2023 can be found in the 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 2022

Historical avgQ4 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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