UPDATE: Zillow Group, Inc. (ZG) Reports Q3 Revenues Miss; Offers FY18 Revenue Outlook Below Consensus

(Updated - November 6, 2018 4:11 PM EST)

Zillow Group, Inc. (NASDAQ: ZG) reported Q3 revenue of $343.09 million versus the consensus estimate of $344.19 million.

“Zillow Group is undergoing a period of transformational innovation, including our new Premier Agent® lead validation and distribution process, Zillow OffersTM, and now mortgage origination, which together will provide more of an end-to-end real estate transaction experience for consumers,” said Zillow Group CEO Spencer Rascoff. “We believe that these changes will have positive long-term effects for consumers, our industry partners and our business. It will take time for advertisers to adapt to these changes, but we are confident that they set us up for long-term growth.”

GUIDANCE:

Zillow Group, Inc. sees FY 2018 revenue of $1.307-1.324 billion versus consens $1.34 billion

For earnings history and earnings-related data on Zillow Group, Inc. (ZG) click here.

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