Zillow shares fall as weak Q1 outlook eclipses Q4 earnings beat
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.