- Zillow (NASDAQ:Z, ZG) has guided on its earnings call for Q1 revenue of $174M-$179M, below a $180M consensus. However, 2016 revenue guidance of $805M-$815M is above a $796.8M consensus.
- Top-line performance: Marketplace revenue rose 14% Y/Y to $148.3M, with real estate revenue rising 27% to $136.6M and mortgages revenue 48% to $11.7M. Display ad revenue fell 25% to $21.1M as Zillow continues de-emphasizing display ads.
- Metrics: Agent advertisers totaled 92,366 at the end of Q4, up 48% Y/Y but down 5% Q/Q. Zillow has said it cares less now about agent count than growing revenue from high-ARPA agents. Monthly unique users fell to 123.7M from Q3's 142.1M (seasonality played a role).
- Financials: GAAP costs/expenses totaled $195.7M - $77.8M was spent on sales/marketing, $55.8M on tech and R&D, and $45.9M on G&A. Zillow ended Q4 with $520M in cash and $230M in debt.
- Z -11% after hours to $16.00. ZG -10.8% to $17.10.
- Zillow's Q4 results, earnings release