Zillow Group Inc. ( ZG ) delivered fourth-quarter earnings that exceeded Wall Street expectations. Yet Zillow's stock plummeted over 12% as the company issued a weaker-than-anticipated revenue forecast for the first quarter of 2025. The real estate technology giant reported earnings per share of $0.27, surpassing analyst estimates of $0.22, with revenue reaching $554 million—comfortably above the consensus projection of $538.4 million. Despite these strong numbers, Zillow's outlook for Q1 2025, forecasting revenue between $575 million and $590 million, fell short of the estimated $598.5 million, rattling investor confidence. Adding to investor unease was Zillow’s reported net loss of $52 million for Q4, an improvement from the $73 million loss in the same period last year but still a substantial deficit. The company’s full-year 2024 revenue climbed 15% year-over-year to $2.2 billion, with EBITDA margins expanding by 200 basis points. Zillow’s mortgage business was a standout, w...