Zillow Group is trading 9.2% down at $31.12 after third-quarter revenue of $724 million and adjusted earnings of $0.55 per share both came in below analyst expectations.
- The company reported a $158 million net loss and lowered its full-year revenue outlook.
- Q4 revenue guidance was $635 million to $665 million, below expectations; shares declined 9.20% during open trading following the earnings announcement.