Zillow reported a rise in revenue in the first quarter, driven by significant gains in its rentals and mortgages segments, despite a challenging period in the US housing industry. The company's earnings surpassed analysts' expectations, as it continued to leverage its strong consumer brand. However, Zillow's shares fell by 4.1% in pre-market trading following the announcement of the first-quarter results. The company is also focusing on a post-commission settlement strategy to stabilize its financial losses, expecting a bigger loss. Despite these challenges, Wall Street isn't worried.
RE/MAX sees dip in revenue, agents in first quarter https://t.co/onUdGZDpKf #realestatenews #realestate
Zillow Is Treading Carefully. Wall Street Isn’t Worried. https://t.co/xvH2871aMC
$Z (-4.1% pre) Zillow Shares Drop After Q1 Results https://t.co/gSspNqCi6u
Zillow tallied growing revenue while stabilizing losses in the first quarter of the year as the reigning search portal narrowed in on its post-commission settlement strategy on Wednesday. https://t.co/4tebtLERB6
Zillow revenue up thanks to big gains in rentals and mortgages https://t.co/izzLDnFeU4 #realestatenews #realestate
Zillow reported first-quarter earnings that beat analysts’ expectations, as the company’s dominant consumer brand helped it muddle through a period of slow sales and looming changes in the US housing industry. https://t.co/5sdFe4qIAo
Zillow’s Sales Are Rising. Expect a Bigger Loss. https://t.co/pxAhbUkas7