Adjusted earnings per share hit 44 cents, beating analyst consensus of 28 cents.
Revenue registered $789 million in the fourth quarter, down 16% from $944 million a year earlier, but far above the FactSet analyst consensus of $740.5 million. Net income totaled $46.036 million, swinging from a loss of $101.21 million last year.
"Zillow’s strong results reflect exemplary execution and continued growth during the scary roller-coaster ride that was 2020,” said Zillow Group co-founder and CEO Rich Barton. “Many Americans who had previously dreamed of moving now have the flexibility to do so, and they flocked to Zillow in record numbers. We are investing aggressively in new technology and services to help them move. Our customers are hungry for the kind of seamless experience that we can now provide at Zillow, and we are poised to capitalize on our strong position in 2021.”
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