Zillow Posts Record $1B In Revenue For 2017

Zillow Posts Record $1B In Revenue For 2017

In an earnings report today, Seattle-based Zillow Group, the operator of listing portals Zillow, Trulia, StreetEasy and RealEstate.com, posted record revenue of $282.3 million in fourth-quarter 2017 and increased its full-year revenue by 27 percent year over year to a record $1.077 billion in 2017.

The company’s record revenue follows a net loss of $77.2 million in fourth-quarter 2017 and a net loss of $94.4 million for full-year 2017.

As usual, most of the company’s fourth quarter revenue came from Premier Agent advertisers. That program pulled in $199.5 million in Q4, up from $164.3 million in the fourth quarter of 2016 — a 21 percent jump. Full year Premier Agent revenue rose 26 percent to $761.6 million from $604.3 million in 2016.

Zillow Group also reported that traffic to its mobile apps and websites reached more than 151 million unique users in the fourth quarter, up 8 percent year over year.

“Zillow Group had another fantastic year of record results in 2…