After originally functioning as a housing listing site, Zillow jumped into the buying and selling game to take its business to new heights. Yet even after making significant ground by expanding into new markets and increasing revenue, the company is still operating at a millions-of-dollars loss.
In the last few years, Zillow has reshaped its entire business, moving from a real estate listings website to a company that supports the entire homebuying and selling experience.
And while the company is seeing positive results in terms of growth and revenue generation, Zillow is also experiencing some serious financial growing pains as it expands.
According to the company’s third quarter results, Zillow’s consolidated quarterly revenue more than doubled year over year, growing 117% year over year to $745.2 million.
