Zillow’s Q3 Revenue Down 12 Percent Annually
As a whole, the company lost $53 million during the third quarter
As a whole, the company lost $53 million during the third quarter
Net income, however, was down significantly due to the slowing market
Second quarter revenue was $606.9 million, an increase of 29 percent compared to the second quarter of 2021
The brokerage still managed to deliver the second-highest quarterly revenue total in history, despite a challenging macroeconomic environment
The platform saw a 201 percent increase in total homes sold between April-June 2022 compared to the same period last ...
Quarterly profits were also down some $40 million compared to the start of the year
The slowdown in volume hit the bottom line for the two lending giants
Net income, however, was down more than $27 million annually
The company formerly known as Realogy pointed to the absence of revenue from its former title underwriter business
On the positive side, quarterly revenue was up 25 percent year-over-year to $1.4 billion
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