Why Zillow Group Rose by Over 9% on Friday
Both share classes of Zillow Group (NASDAQ: Z)(NASDAQ: ZG) blew past the market on Friday. For the quarter, Zillow's total revenue rose 148% on a year-over-year basis to nearly $1.13 billion. The company's generally accepted accounting principles (GAAP) net loss deepened to $163 million, from the year-ago shortfall of almost $68 million.