Zillow Group reported preliminary second-quarter revenue of $655 million, a 15% increase from a year earlier and ahead of the $647.92 million average analyst estimate compiled by FactSet. The performance outpaced the 2% year-over-year growth in total residential real-estate transaction value tracked by the company, indicating continued market-share gains despite a subdued U.S. housing market. The online real-estate platform also swung to a profit for the quarter, reversing a prior loss as stronger contributions from its mortgage and rentals segments offset muted transaction volumes. Management said the improving mix of higher-margin businesses, together with expense controls, underpinned the turnaround. Citing the better-than-expected second-quarter results and momentum in mortgages and rentals, Zillow raised its full-year outlook. Executives reiterated that they expect further benefits if interest-rate cuts revive housing activity later in the year.