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Zillow has reported robust earnings for the second quarter, outperforming the residential real estate industry for the eighth consecutive quarter. The company's Q2 revenue reached $572 million, marking a 13% year-over-year increase. Zillow's rental segment also saw significant growth, with $117 million in revenue, up 29% from the previous year. The company is focusing on creating a 'fully-integrated' homebuying experience, which contributed to its strong performance. Despite the challenges in the housing market, Zillow's enhanced services have helped it maintain its competitive edge.
Zillow with robust earnings: $Z $ZG Major beat on top and bottom. • Q2 revenue was $572m, up 13% Y/Y • Now 8 qtrs of revenue outperforming residential real estate industry. (Guide = 9th) Rental • Rentals $117m in revenue in Q2, up 29% Y/Y • Multifamily big driver here… https://t.co/S3Al5XE6cq
Better-than-expected residential segment results bolstered Seattle-based portal Zillow's Q2 performance, which saw growing revenues and slimming losses as they zero in on creating a 'fully-integrated' homebuying experience. https://t.co/7StoRaiksx
Entering a new world post NAR settlement but Zillow $Z $ZG put up a helluva Q despite housing market being on its back w/ Enhanced (fka Flex) flexing. https://t.co/CXEZzYN9gi https://t.co/X9f3LiFCbn