Zillow’s losses ballooned to $163.3 million during the first quarter despite record revenue from its now-halted iBuying business. That’s a 142 percent uptick in losses from $67.5 million a year ago. Overall, the Seattle-based listings giant said revenue during the quarter rose 148 percent year over year to $1.1 billion. The company’s iBuying division generated a record $770 million in revenue before Zillow suspended home purchases in late March. Until that point, Zillow had purchased
source https://therealdeal.com/2020/05/07/zillow-ceo-on-coronavirus-crisis-we-have-passed-peak-fear/
No comments:
Post a Comment