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$20M for Zillow CEO's home. Zillow itself loses $25 million per quarter. Well done.

by untilHellbanned 10y ago

mc32 10y ago
Maybe with a diff CEO they could achieve $50million in the hole per quarter, who knows?
deleted 10y ago
[deleted]
at-fates-hands 10y ago
Not really. . . The company — which completed its $2.5 billion acquisition of Trulia in February 2015 — reported quarterly revenues of $186 million, a 25 percent gain over the same period last year. It also boosted its revenue projections for the year to $825 million to $835 million, up from a previously stated range of $805 million to $815 million. Are you referencing the Move Inc legal battle? In fact, the company’s litigation costs during the quarter tallied $15.7 million, $4 million higher than Zillow expected. Total loss for the quarter was $47.6 million. For the full year, Zillow expects to spend $50 million to $55 million defending itself in the case involving Move Inc. http://www.geekwire.com/2016/zillow-group-posts-25-revenue-gain-boosts-revenue-projections-2016/ http://www.geekwire.com/2016/zillow-group-posts-25-revenue-g...
- conradev 10y ago
  Total loss for the quarter was $47.6 million. the company’s litigation costs during the quarter tallied $15.7 million Therefore the company's loss for the quarter without the legal costs was 47.6 - 15.7 = $31.9 million.
- MichaelGG 10y ago
  http://finance.yahoo.com/quote/Z/financials http://finance.yahoo.com/quote/Z/financials Quarterly data says last 4 quarter net income is -47M, -25M, -26M, -38M. It might be fine that they're losing money because they're growing (LNKD never was profitable but made off well eh?). Still doesn't mean they're not losing money.
- cbowal 10y ago
  Zillow announced they're settling with Move Inc for $130 million - http://www.wsj.com/articles/zillow-to-settle-trade-secrets-suit-filed-by-move-inc-1465259201 http://www.wsj.com/articles/zillow-to-settle-trade-secrets-s...
ramenmeal 10y ago
Yeah he seems terrible with his 96% approval rating from employees https://www.glassdoor.com/Reviews/Zillow-Reviews-E40802.htm https://www.glassdoor.com/Reviews/Zillow-Reviews-E40802.htm

$20M for Zillow CEO's home. Zillow itself loses $25 million per quarter. Well done.

mc32 10y ago

Maybe with a diff CEO they could achieve $50million in the hole per quarter, who knows?

deleted 10y ago

[deleted]

at-fates-hands 10y ago

Not really. . . The company — which completed its $2.5 billion acquisition of Trulia in February 2015 — reported quarterly revenues of $186 million, a 25 percent gain over the same period last year. It also boosted its revenue projections for the year to $825 million to $835 million, up from a previously stated range of $805 million to $815 million. Are you referencing the Move Inc legal battle? In fact, the company’s litigation costs during the quarter tallied $15.7 million, $4 million higher than Zillow expected. Total loss for the quarter was $47.6 million. For the full year, Zillow expects to spend $50 million to $55 million defending itself in the case involving Move Inc. http://www.geekwire.com/2016/zillow-group-posts-25-revenue-gain-boosts-revenue-projections-2016/ http://www.geekwire.com/2016/zillow-group-posts-25-revenue-g...

conradev 10y ago
Total loss for the quarter was $47.6 million. the company’s litigation costs during the quarter tallied $15.7 million Therefore the company's loss for the quarter without the legal costs was 47.6 - 15.7 = $31.9 million.
MichaelGG 10y ago
http://finance.yahoo.com/quote/Z/financials http://finance.yahoo.com/quote/Z/financials Quarterly data says last 4 quarter net income is -47M, -25M, -26M, -38M. It might be fine that they're losing money because they're growing (LNKD never was profitable but made off well eh?). Still doesn't mean they're not losing money.
cbowal 10y ago
Zillow announced they're settling with Move Inc for $130 million - http://www.wsj.com/articles/zillow-to-settle-trade-secrets-suit-filed-by-move-inc-1465259201 http://www.wsj.com/articles/zillow-to-settle-trade-secrets-s...

ramenmeal 10y ago

Yeah he seems terrible with his 96% approval rating from employees https://www.glassdoor.com/Reviews/Zillow-Reviews-E40802.htm https://www.glassdoor.com/Reviews/Zillow-Reviews-E40802.htm