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Zillow Group Q2 Earnings: Revenue Beat, EPS Beat, Strong Guidance, New CEO, 'Increasingly Diversified And Growing Business'
Zillow Group Inc (NASDAQ: Z) (NASDAQ:ZG) reported financial results for the second quarter after the market close on Wednesday. Here’s a rundown of the report.
Q2 Revenue: $572 million, versus estimates of $537.588 million
Q2 EPS: 39 cents, versus estimates of 27 cents
Total revenue was up 13% year-over-year in the second quarter. Residential revenue increased 8% year-over-year to $409 million. Rentals revenue increased 29% year-over-year to $117 million. Mortgages revenue increased 42% year-over-year to $34 million.
Zillow said it had 231 million average monthly unique users across its mobile apps and sites in the second quarter, flat on a year-over-year basis. Visits were up 4% year-over-year to 2.5 billion.
Zillow also announced that ...