Zillow posts record $1B in revenue for 2017

Contacts from Zillow Group now account for an estimated 7.5% in overall real estate commissions

Faster. Better. Together.
Inman Connect San Francisco, Jul 16-20, 2018

In an earnings report today, Seattle-based Zillow Group, the operator of listing portals Zillow, Trulia, StreetEasy and RealEstate.com, posted record revenue of $282.3 million in fourth-quarter 2017 and increased its full-year revenue by 27 percent year over year to a record $1.077 billion in 2017. Zillow Group’s revenue beat its own quarterly and annual forecasts, though the company did not meet its expectations for a profit in the fourth-quarter and a $5 million to $10 million net loss for 2017. The company posted a net loss of $77.2 million in fourth-quarter 2017 and a net loss of $94.4 million for full-year 2017. The losses include recognition of a $174 million reduction in the fair value of the Trulia brand which was partially offset by a $90 million tax benefit. The company's revenue expectations stand between $291 million and $296 million for first-quarter 2018 and between $1.302 billion and $1.317 billion for full-year 2018. The company expects a net loss of between...