Zillow Group posts net $4.6M loss in Q1, ups 2017 revenue forecast

Real estate giant expects to pull in at least $1.05 billion in revenue this year
  • Zillow Group's Q1 earnings offer a glimpse into the company's growth and the state of its Premier Agent program. The company also informed investors that the CFPB is investigating its co-marketing program for compliance with RESPA.

In an earnings report today, Zillow Group, the operator of listing portals Zillow, Trulia and RealEstate.com, posted a net loss of $4.6 million in the first three months of 2017, down sharply from a $47.6 million loss in the first quarter of 2016 and a $23.5 million loss in the fourth quarter.