Zillow’s profits soared during the third quarter as iBuying deals dried up. The Seattle-based real estate giant reported $40 million in profits, compared to a loss of $64.6 million during the third quarter of 2019. On the company’s Thursday earnings call, co-founder and CEO Rich Barton said he was “pleased to offer some counter-programing to the election news drip torture.” During the third quarter, the company’s total revenue dropped 12 percent year over year to
source https://therealdeal.com/2020/11/05/zillow-profits-soar-to-40m-during-third-quarter/
No comments:
Post a Comment