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. Gains were to be expected, as the online real estate broker posted beats on both the top and bottom lines in Q1 results published after trading hours on Thursday.

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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. On a non-GAAP (adjusted), per-share basis the Q1 2020 deficit was $0.25.

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Source Fool.com