Why Zillow Group Stock Was Climbing Today [The Motley Fool]
Zillow Group, Inc. - Class C Capital Stock (Z)
Last zillow group, inc. - class c capital stock earnings: 8/6 04:06 pm
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Source: The Motley Fool
Why Zillow Group Stock Was Climbing Today Its home-flipping business is growing quickly. Shares of Zillow Group ( NASDAQ:Z ) ( NASDAQ:ZG ) were moving higher today after the online real estate company posted better-than-expected results in its third-quarter earnings report, driven by the company's move into house flipping. Class A shares (ZG) were up 11.7% as of 11:57 a.m. EST, while the nonvoting Class C stock (Z) had gained 13.2%. Zillow, which also owns several other brands including Trulia and StreetEasy, said revenue in the quarter more than doubled, jumping 117% to $745.2 million from its push into buying and selling homes. That figure was well ahead of analyst estimates at $718 million. Traditionally, Zillow has been an advertising platform, but the company launched Zillow Offers last year, which gives home sellers the option to sell directly to Zillow, which then finds a buyer and resells the home itself. That segment, homes, brought in $384.6 million in revenue for the quar
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- Zillow Group to Announce First-Quarter 2024 Results May 1PR Newswire
- SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims on Behalf of Investors of Zillow Group, Inc. - ZGlobeNewswire
- SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims on Behalf of Investors of Zillow Group, Inc. - ZPR Newswire
- SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims on Behalf of Investors of Zillow Group, Inc. - ZAccesswire
- SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims on Behalf of Investors of Zillow Group, Inc. - ZGlobeNewswire