Walt Disney Co, Zillow Group Inc Shares Fall After Earnings

Walt Disney and Zillow Group released their latest earnings reports after closing bell tonight. Disney posted earnings of $1.55 per share on $14.8 billion in revenue, compared to the consensus estimates of $1.50 per share in earnings and $15 billion in revenue. In the year-ago quarter, the company reported $1.63 per share in adjusted earnings and $15.2 billion in revenue.

Zillow reported $227.6 million in revenue, while Wall Street was looking for $223 million in revenue. It had guided for fourth quarter revenue to be between $218 million and $223 million. In the year-ago quarter, revenue amounted to $169.4 million.

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Walt Disney Shares fall after earnings

Walt Disney’s GAAP earnings fell to $1.55 per share from $1.73 per share in the year-ago quarter. Media Networks revenue fell 2% to $6.2 billion, while Parks and Resorts revenue grew 6% to $4.6 billion. Studio Entertainment revenues declined 7% year over year to $2.5 billion, while Consumer Products & Interactive Media revenues plunged 23% to $1.5 billion.

Shares of Walt Disney slumped by as much as 1.61% to $107.24 in after-hours trades tonight.

zillow group

Zillow Group shares fall

Zillow Group reported GAAP losses of 13 cents per share, compared to losses of 14 cents per share in the year-ago quarter. The company reported adjusted EBITDA of $54.7 million, compared to $20.4 million in the same quarter a year previously. Zillow Group had guided for adjusted EBITDA of between $96.1 million and $101.1 million.

Marketplace revenue rose 42% year over year to $210.6 million. Premier Agent revenue grew 32%, while Mortgages revenue rose 41%. Display revenue fell 20% to $17 million as a result of the company’s deemphasis on display advertising and refocus on improving the user experience.

For the first quarter, Zillow Group projects $232 million to $237 million in revenue and $36 million to $41 million in adjusted EBITDA. It expects net losses of $14.1 million to $19.1 million. Analysts expect adjusted earnings of 6 cents per share, compared to losses of 13 cents per share in the same quarter a year ago, and $235.9 million in revenue.

Shares of Zillow Group tumbled in after-hours trades, falling by as much as 4.06% to $35.65.