Zillow group, inc. (ZG)
Income statement / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14
Revenue:
Revenue

1,125,821

943,947

745,208

599,578

454,104

365,335

343,094

325,246

299,879

282,330

281,839

266,850

245,775

227,612

224,592

208,403

185,982

169,370

176,765

171,269

127,273

92,329

88,646

78,675

66,243

Cost of revenue (exclusive of amortization)
Cost of revenue

761,672

609,617

399,835

271,221

151,348

67,472

36,672

25,527

23,919

22,559

22,152

20,260

20,232

18,706

17,608

16,745

16,203

13,618

16,453

17,037

13,019

8,825

7,679

6,793

6,164

Sales and marketing

204,648

183,761

181,347

187,433

161,587

138,869

128,734

147,727

137,291

103,935

107,108

131,218

105,940

90,509

93,180

99,629

99,101

78,853

82,044

87,942

59,286

38,437

47,463

48,429

35,133

Technology and development

134,918

125,273

123,974

120,330

107,770

111,195

105,314

100,376

93,933

85,187

83,389

78,541

72,868

67,320

64,496

63,396

60,371

41,694

53,718

51,740

37,325

27,637

20,789

19,508

16,735

General and administrative

92,285

99,070

88,493

82,839

95,774

74,758

70,743

60,579

56,073

57,778

54,226

53,346

45,466

47,832

42,625

183,759

57,791

60,478

42,672

43,810

38,024

20,535

15,757

14,522

14,689

Equity Securities without Readily Determinable Fair Value, Impairment Loss, Annual Amount

76,800

-

0

-

0

-

10,000

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Acquisition-related costs

-

-

0

0

-

295

1,405

632

0

97

218

43

105

533

93

204

593

432

1,988

1,679

12,477

-

13,200

184

-

Integration costs

0

0

5

293

352

1,465

523

0

27

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Restructuring costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,425

6,652

25,065

-

-

-

-

Gain on divestiture of business

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,251

-

-

-

-4,143

-

-

-

-

-

-

Total costs and expenses

1,270,323

1,017,721

793,654

662,116

516,831

463,054

353,391

334,841

311,243

443,556

267,093

283,408

244,611

224,900

216,751

363,733

234,059

195,709

204,443

208,860

185,196

103,543

104,888

89,436

72,721

Loss from operations

-144,502

-73,774

-48,446

-62,538

-62,727

-97,719

-10,297

-9,595

-11,364

-161,226

14,746

-16,558

1,164

2,712

7,841

-155,330

-48,077

-26,339

-27,678

-37,591

-57,923

-11,214

-16,242

-10,761

-6,478

Other income

9,593

12,033

8,999

9,458

9,168

5,962

7,773

3,089

2,446

1,415

1,407

1,610

953

716

561

753

681

416

366

450

269

317

265

284

219

Interest expense

37,592

39,927

26,502

18,897

16,466

14,327

12,668

7,187

7,073

6,991

6,906

6,897

6,723

2,668

1,595

1,572

1,573

1,589

1,590

1,580

730

-

-

-

-

Loss before income taxes

-172,501

-101,668

-65,949

-71,977

-70,025

-106,084

-15,192

-13,693

-15,991

-166,802

9,247

-21,845

-4,606

-21,997

6,807

-156,149

-48,969

-27,512

-28,902

-38,721

-58,384

-

-15,977

-

-

Income tax benefit

-9,200

-458

-1,300

0

-2,500

-8,402

-14,700

-10,600

2,600

-89,627

41

0

0

1,494

0

0

-1,364

-

-2,853

-

-

-

-

-

-

Net loss

-163,273

-101,210

-64,649

-71,977

-67,525

-97,682

-492

-3,093

-18,591

-77,175

9,206

-21,845

-4,606

-23,491

6,807

-156,149

-47,605

-25,720

-26,049

-38,721

-58,384

-10,897

-15,977

-10,477

-6,259

Net loss per share - basic and diluted (usd per share)

-0.78

-0.49

-0.31

-0.35

-0.33

-0.49

0.00

-0.02

-0.10

-0.41

0.05

-0.12

-0.03

-0.12

0.04

-0.87

-0.27

-0.11

-0.15

-0.22

-0.40

0.19

-0.13

-0.26

-0.16

Weighted-average shares outstanding - basic (in shares)

-

-

-

-

-

-

-

-

-

-

187,692

-

-

-

180,583

-

-

-

177,098

-

-

-

-

-

-

Weighted-average shares outstanding - diluted (in shares)

-

-

-

-

-

-

-

-

-

-

196,425

-

-

-

189,661

-

-

-

177,098

-

-

-

-

-

-

Weighted-average shares outstanding - basic and diluted (in shares)

210,674

208,250

207,002

205,754

204,514

203,741

202,416

194,155

191,464

-

-

185,439

183,158

-

-

179,451

178,686

-

-

176,142

147,390

280,098

120,888

39,800

39,322

Amortization of website development costs and intangible assets included in technology and development

11,800

-

11,100

11,000

11,000

-

12,000

12,600

13,000

-

23,537

23,159

23,261

-

-

-

-

-

-

-

-

-

-

-

-

Homes
Revenue

769,873

-

384,626

248,924

128,472

-

11,018

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cost of revenue

732,199

-

370,796

240,732

122,419

-

10,226

0

86

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Sales and marketing

71,589

-

49,186

37,409

20,862

-

4,650

2,095

290

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Technology and development

32,538

-

20,651

18,198

12,281

-

6,128

3,790

2,236

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

General and administrative

23,421

-

22,174

17,808

14,357

-

6,010

4,176

1,778

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Equity Securities without Readily Determinable Fair Value, Impairment Loss, Annual Amount

0

-

0

-

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Acquisition-related costs

-

-

0

0

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Integration costs

0

-

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total costs and expenses

859,747

-

462,807

314,147

169,919

-

27,014

10,061

4,390

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss from operations

-89,874

-

-78,181

-65,223

-41,447

-

-15,996

-10,061

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other income

0

-

0

0

0

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest expense

8,084

-

9,689

5,899

3,758

-

432

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss before income taxes

-97,958

-

-87,870

-71,122

-45,205

-

-16,428

-10,061

-4,390

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

IMT
Revenue

330,666

319,665

335,290

323,669

298,272

300,708

313,638

305,941

280,856

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cost of revenue

24,318

23,894

24,318

26,059

24,251

24,623

25,186

24,290

22,594

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Sales and marketing

120,173

108,301

118,514

135,440

126,654

118,544

117,522

137,972

128,747

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Technology and development

95,028

88,883

94,656

94,261

87,969

92,734

93,930

91,131

85,917

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

General and administrative

58,754

62,366

55,749

54,671

70,850

57,261

60,678

52,438

50,187

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Equity Securities without Readily Determinable Fair Value, Impairment Loss, Annual Amount

73,900

-

0

-

0

-

10,000

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Acquisition-related costs

-

-

0

0

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Integration costs

0

0

0

0

0

-27

0

0

27

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total costs and expenses

372,173

283,444

293,237

310,431

309,724

358,162

307,316

305,831

287,472

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss from operations

-41,507

36,221

42,053

13,238

-11,452

-

6,322

110

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other income

0

0

0

0

0

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest expense

0

0

0

0

0

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss before income taxes

-41,507

36,221

42,053

13,238

-11,452

-57,454

6,322

110

-6,616

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Mortgages Segment
Revenue

25,282

21,054

25,292

26,985

27,360

23,280

18,438

19,305

19,023

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cost of revenue

5,155

4,325

4,721

4,430

4,678

3,769

1,260

1,237

1,239

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Sales and marketing

12,886

11,283

13,647

14,584

14,071

10,226

6,562

7,660

8,254

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Technology and development

7,352

8,526

8,667

7,871

7,520

9,264

5,256

5,455

5,780

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

General and administrative

10,110

9,636

10,570

10,360

10,567

7,459

4,055

3,965

4,108

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Equity Securities without Readily Determinable Fair Value, Impairment Loss, Annual Amount

2,900

-

0

-

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Integration costs

0

0

5

293

352

1,492

523

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total costs and expenses

38,403

33,770

37,610

37,538

37,188

36,478

19,061

18,949

19,381

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss from operations

-13,121

-12,716

-12,318

-10,553

-9,828

-

-623

356

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other income

202

350

344

402

313

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest expense

226

288

280

287

101

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss before income taxes

-13,145

-12,654

-12,254

-10,438

-9,616

-13,086

-623

356

-358

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Mortgages
Acquisition-related costs

-

-

0

0

-

-

1,405

632

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Technology and Development
Amortization of website development costs and intangible assets included in technology and development

17,184

17,046

15,835

14,656

14,400

17,575

18,165

21,020

22,549

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-