Zillow Group revenue soared 51 percent during 2019’s first quarter, bolstered by the company’s growing iBuying program, the company reported Thursday. But the company’s net loss also ballooned to $67.5 million, compared to $18.6 million a year ago. Its total revenue for the quarter rose to $454.1 million, up from $299.8 million a year prior. The bulk of Zillow’s losses during the quarter were in its Homes segment, which includes Zillow Offers. In a statement, […]
source https://therealdeal.com/2019/05/09/zillow-revenue-soars-but-so-do-losses/
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