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Not really. . . The company — which completed its $2.5 billion acquisition of Trulia in February 2015 — reported quarterly revenues of $186 million, a 25 perce
by 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 agoTotal 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 agohttp://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 agoZillow 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...