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Jun 30, 2023
Zillow Q2 2023 Earnings Report
Zillow outperformed the broader industry and made progress on improving customer experiences.
Key Takeaways
Zillow Group's second-quarter results exceeded expectations for revenue and Adjusted EBITDA. Q2 revenue was $506 million, and Adjusted EBITDA was $111 million. The company launched a new Appointment Center and Listing Showcase.
Zillow Group’s second-quarter results exceeded the company’s outlook for revenue and Adjusted EBITDA.
Q2 revenue was $506 million, above the midpoint of the company’s outlook range by $41 million.
On a GAAP basis, net loss was $35 million in Q2.
Q2 Adjusted EBITDA was $111 million, $40 million above the midpoint of the company’s outlook range, driven primarily by higher-than-expected Residential revenue.
Revenue by Segment
Forward Guidance
Complete financial results for the second quarter and outlook for the third quarter of 2023 can be found in our shareholder letter on the Investor Relations section of Zillow Group’s website
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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