Zillow Group Inc. (Z) experienced a significant 7.67% plunge in its stock price during the 24-hour period leading up to 9:14 PM EST on Tuesday, February 11, 2025. The steep decline was likely driven by the company's mixed fourth-quarter 2024 earnings report and disappointing guidance for the first quarter of 2025, which were announced after the market close on Tuesday.

For the fourth quarter, Zillow reported non-GAAP earnings of $0.27 per share, missing analysts' expectations of $0.28 or $0.29. While the company's revenue of $554 million surpassed estimates of $545.9 million, marking a 16.88% increase from the same period last year, the earnings miss disappointed investors and weighed on the stock price.

Furthermore, Zillow issued revenue guidance for the first quarter of 2025, projecting revenue between $575 million and $590 million, which fell short of analysts' expectations of around $599.6 million. This weaker-than-expected guidance raised concerns about the company's growth prospects and future performance, contributing to the stock's decline.