Zillow Group Inc. posted record earnings of nearly $1.1 billion in 2017 and projects revenue in excess of $1.3 billion in 2018.

“Zillow Group had another fantastic year of record results in 2017 and exceeded $1 billion in revenue for the first time,” Zillow Group CEO Spencer Rascoff said in a statement. “In 2018, we plan to deliver better experiences for consumers buying, selling or renting a home, and strengthen our partnerships with real estate professionals by aligning our growth with their success.”

Revenue increased 27 percent to a record $1,076.8 million from $846.6 million in 2016. Revenue from Marketplace, Premier Agent program, mortgages and other real estate revenue were all up significantly.

Other highlights from the earnings release:

• The number of Premier Agent advertisers, including brokerages and other teams, spending more than $5,000 per month grew by 70 percent year-over-year and increased 64 percent on a total dollar basis during the fourth quarter of 2017. 
• Total sales to Premier Agent advertisers who have been customers for more than one year increased 41 percent year-over-year during the fourth quarter of 2017.
• Sales to existing Premier Agent advertisers accounted for 63 percent of total bookings during the fourth quarter of 2017.