November 7, 2019 / 9:09 PM / 10 days ago

Zillow reports wider quarterly loss

Nov 7 (Reuters) - Zillow Group on Thursday reported a wider loss as it spent heavily to boost its home segments business.

However, the Seattle-based company's revenue more than doubled to $745.2 million, beating the average analyst estimate of $717.5 million, according to IBES data from Refinitiv.

Net loss widened to $64.6 million for the quarter ended Sept. 30, from $492,000, a year ago. (Reporting by Amal S in Bengaluru; Editing by Shailesh Kuber)

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