Why Zillow's Stock Jumped 7.8% on Wednesday

Shares of housing tech company Zillow Group (Z 7.76%) (ZG 7.63%) jumped as much as 13.5% in early trading on Wednesday after the company reported fourth-quarter 2023 financial results. Shares closed trading up 7.8% for the day.Zillow's steady progressThe headline numbers weren't all that impressive for Zillow. Revenue was up 9% to $474 million, beating the $451 million analysts expected, and net loss was $73 million. On an adjusted basis, which pulls out one-time expenses and stock-based compensation, earni ...