Zillow reports Q4 adjusted EBITDA $73M

Reports Q4 revenue $435M, consensus $413.48M. Adjusted EBITDA from continuing operations by segment was $113 million, $(8) million and $(32) million for the IMT, Homes and Mortgages segments, respectively, in Q4, and $672 million, $(66) million and $(92) million for full-year 2022, respectively. On a GAAP basis, consolidated net loss was $72 million for Q4 and $101 million for 2022. Consolidated net loss from continuing operations was $72 million for Q4 and $88 million for 2022. Segment income (loss) from continuing operations before income taxes for the IMT, Homes and Mortgages segments was $(22) million, $(13) million and $(51) million in Q4, and $160 million, $(93) million and $(167) million for full-year 2022, respectively. IMT segment income from continuing operations before income taxes margin contracted to 9% from 29% in 2021. "While navigating a slow and difficult housing market in 2022, we kept our eyes on the future – our vision of building the housing super app," said Zillow co-founder and CEO Rich Barton. "Our consolidated Q4 financial results outperformed our expectations, and we’ve been rapidly shipping products aligned with our five growth pillars. We’re building momentum that will help us scale as we serve customers and the industry with an easier, more seamless way to transact in real estate."