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8-K: Zillow Group Reports Second-Quarter 2024 Financial Results

8-K: Zillow Group Reports Second-Quarter 2024 Financial Results

8-K：Zillow 集团公布2024年第二季度财务业绩
美股SEC公告 ·  2024/08/07 16:10

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Zillow Group announced the promotion of Jeremy Wacksman from COO to CEO, effective immediately after filing Q2 results. Co-founder Rich Barton will transition to co-executive chairman alongside Lloyd Frink. The company reported Q2 revenue of $572 million, up 13% YoY and exceeding expectations.Residential revenue grew 8% YoY to $409 million, outperforming industry trends. Rentals revenue surged 29% to $117 million, driven by 44% growth in multifamily. Mortgages revenue increased 42% to $34 million on strong purchase loan volume. The company posted a net loss of $17 million, while Adjusted EBITDA rose to $134 million, or 23% of revenue.Zillow maintained a strong financial position with $2.6 billion in cash and investments. Traffic remained stable at 231 million average monthly unique users, with visits up 4% YoY to 2.5 billion. The company reaffirmed its 2024 outlook for double-digit revenue growth and modest Adjusted EBITDA margin expansion.
Zillow Group announced the promotion of Jeremy Wacksman from COO to CEO, effective immediately after filing Q2 results. Co-founder Rich Barton will transition to co-executive chairman alongside Lloyd Frink. The company reported Q2 revenue of $572 million, up 13% YoY and exceeding expectations.Residential revenue grew 8% YoY to $409 million, outperforming industry trends. Rentals revenue surged 29% to $117 million, driven by 44% growth in multifamily. Mortgages revenue increased 42% to $34 million on strong purchase loan volume. The company posted a net loss of $17 million, while Adjusted EBITDA rose to $134 million, or 23% of revenue.Zillow maintained a strong financial position with $2.6 billion in cash and investments. Traffic remained stable at 231 million average monthly unique users, with visits up 4% YoY to 2.5 billion. The company reaffirmed its 2024 outlook for double-digit revenue growth and modest Adjusted EBITDA margin expansion.
Zillow集团宣布Jeremy Wacksman晋升为首席执行官，立即生效，填报第二季度财报后生效。联合创始人Rich Barton将与Lloyd Frink共同担任执行联合主席。公司报告第二季度营业收入为57200万元，同比增长13%，超出预期。住宅营业收入同比增长8%，达到40900万元，表现优于行业趋势。租赁营业收入激增29%，达到11700万元，由于多户住宅增长44%所推动。抵押贷款营业收入增长42%，达到3400万元，得益于强劲的购房贷款成交量。公司录得净亏损1700万元，而调整后EBITDA则增长至13400万元，占营业收入的23%。Zillow保持强劲的财务状况，现金和投资总额为26亿。网站流量保持稳定，每月独立用户数平均为23100万，访问量同比增长4%，达到25亿。公司重申2024年营业收入将实现两位数增长，调整后EBITDA利润率实现温和扩张的展望。
Zillow集团宣布Jeremy Wacksman晋升为首席执行官，立即生效，填报第二季度财报后生效。联合创始人Rich Barton将与Lloyd Frink共同担任执行联合主席。公司报告第二季度营业收入为57200万元，同比增长13%，超出预期。住宅营业收入同比增长8%，达到40900万元，表现优于行业趋势。租赁营业收入激增29%，达到11700万元，由于多户住宅增长44%所推动。抵押贷款营业收入增长42%，达到3400万元，得益于强劲的购房贷款成交量。公司录得净亏损1700万元，而调整后EBITDA则增长至13400万元，占营业收入的23%。Zillow保持强劲的财务状况，现金和投资总额为26亿。网站流量保持稳定，每月独立用户数平均为23100万，访问量同比增长4%，达到25亿。公司重申2024年营业收入将实现两位数增长，调整后EBITDA利润率实现温和扩张的展望。
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