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Jun 30, 2024
Zillow Q2 2024 Earnings Report
Zillow Group outperformed the residential real estate industry and delivered better-than-expected revenue across the business.
Key Takeaways
Zillow Group's Q2 2024 revenue was $572 million, up 13% year over year, exceeding expectations. The company reported a net loss of $17 million but achieved an Adjusted EBITDA of $134 million. Zillow Group is on track to deliver double-digit revenue growth and modestly expand its Adjusted EBITDA margin in 2024.
Zillow Group’s second-quarter results exceeded the company’s outlook for revenue and Adjusted EBITDA.
Q2 revenue was $572 million, up 13% year over year and above the midpoint of the company’s outlook range by $39 million.
On a GAAP basis, net loss was $17 million, or 3% of total revenue, in Q2.
Q2 Adjusted EBITDA was $134 million, or 23% of total revenue, $41 million above the midpoint of the company’s outlook range, driven primarily by higher-than-expected Residential revenue.
Revenue by Segment
Forward Guidance
Zillow Group expects to deliver double-digit revenue growth and modestly expand its Adjusted EBITDA margin in 2024.
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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