$20M for Zillow CEO's home. Zillow itself loses $25 million per quarter. Well done.
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-g...
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.
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.