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ZILLOW GROUP Contacts : Brad Berning Investor Relations ir@zillowgroup.com Emily Heffter Public Relations press@zillow.com Zillow Group Reports First - Quarter 2021 Financial Results SEATTLE- May 4 , 2021 Zillow Group , Inc. ( NASDAQ : Z and ZG ) , which is transforming the way people buy , sell , rent and finance homes , today announced its consolidated financial results for the three months ended March 31 , 2021 . Complete financial results , and outlook for the second quarter of 2021 , can be found in the company's shareholder letter on the Investor Relations section of Zillow Group's website at https://investors.zillowgroup.com/investors/financials/quarterly-results/ default.aspx . “ Zillow's first - quarter results exceeded expectations and showed our momentum toward delivering a seamless , end - to - end real estate transaction , " said Zillow Group co - founder and CEO Rich Barton . " Across the country , Millennials are moving up , Baby Boomers are downsizing , and in between , people of all generations are rethinking their lives in a cultural phenomenon we have termed the Great Reshuffling . Millions come to Zillow to surf and dream , and when they are ready to transact , they can get a mortgage from Zillow Home Loans , connect to a Zillow Premier Agent , and may even find an initial offer from Zillow Offers to buy their home for their Zestimate . " Recent highlights include : • • • • Consolidated first - quarter revenue of $ 1.2 billion and revenue for each segment exceeded the high end of the company's outlook for the first quarter . Consolidated net income was $ 52 million for the first quarter . Segment income ( loss ) before income taxes was $ 144 million , $ ( 58 ) million and $ ( 2 ) million for the IMT , Homes and Mortgages segments , respectively , for the first quarter . First - quarter Adjusted EBITDA exceeded the high end of the company's outlook for all three segments , resulting in consolidated Adjusted EBITDA of $ 181 million . Traffic to Zillow Group's mobile apps and websites in the first quarter reached 221 million average monthly unique users , an increase of 15 % year over year , driving 2.5 billion visits during the quarter , up 19 % year over year . The company ended the first quarter of 2021 with cash and investments of $ 4.7 billion .