Zillow Group revenue up 17% to $581M as rentals, mortgage units drive growth
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Zillow Group reported a 17% increase in revenue to $581 million for the third quarter, driven by its rentals and mortgage units. The company also reported adjusted earnings of $127 million, beating estimates.
November 06, 2024 | 9:45 pm
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Zillow Group's Q3 results show a 17% revenue increase to $581M, with strong performance in rentals and mortgage units. Adjusted earnings of $127M beat estimates.
Zillow Group's strong Q3 performance, with a 17% revenue increase and earnings beating estimates, is likely to positively impact its stock price in the short term. The growth in rentals and mortgage units indicates robust business segments.
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