Zillow (ZG) Beats Q4 Earnings and Revenue Estimates

Zillow Group, Inc. (ZG) reported relatively healthy fourth-quarter 2023 results, wherein the bottom line and the top line beat the respective Zacks Consensus Estimate. Growing user base, drop in monthly mortgage payments on home purchases and strategic acquisitions proved tailwinds despite stiff competition and higher expenditures.Net IncomeGAAP net loss in the quarter was $73 million or a loss of 32 cents per share compared with a net loss of$72 million or a loss of 31 cents per share in the prior-year qu ...