Zillow shares fall as weak Q1 outlook eclipses Q4 earnings beat
Investing.comFeb 11, 2025 10:06 PM
Investing.com -- Zillow Group Inc (NASDAQ:ZG) Class C (NASDAQ:Z) reported fourth-quarter earnings that topped Wall Street expectations, but shares fell as much as 8% in afterhours trading as the company issued weaker-than-expected revenue guidance for the first quarter of 2025.
The real estate technology firm posted earnings per share of $0.27 for the quarter, surpassing analysts’ estimates of $0.22 by $0.05. Revenue came in at $554 million, exceeding the consensus estimate of $538.4 million.
The company said it expects Q1 revenue in the range of $575 million to $590 million, below analysts’ consensus estimate of $598.5 million.
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