Zillow Group Inc (ZG) Reports Mixed Financial Outcomes for Q4 and Full-Year 2023 [Yahoo! Finance]
MEDIA TECHS INC (MDTC)
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Source: Yahoo! Finance
Net Loss : Reported at $73 million in Q4, consistent with the previous year. Adjusted EBITDA : Reached $69 million in Q4, surpassing company outlook. Rentals Revenue : Saw a significant rise of 37% in Q4. Cash and Investments : Declined to $2.8 billion from $3.3 billion in Q3. User Traffic : Slight decrease in average monthly unique users, with a 1% increase in visits. Warning! GuruFocus has detected 6 Warning Signs with ZG. On February 13, 2024, Zillow Group Inc ( NASDAQ:ZG ) released its consolidated financial results for the fourth quarter and full year of 2023, detailing a mix of growth and challenges in a fluctuating real estate market. The company's 8-K filing reveals a 9% year-over-year increase in Q4 revenue, reaching $474 million, and a slight 1% dip in full-year revenue, totaling $1.9 billion. Despite the revenue growth in Q4, the company reported a net loss of $73 million, mirroring the loss from the same quarter in the previous year. Zillow Group Inc, a lead
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