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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 15:10

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Zillow Group reported strong Q2 2024 results with revenue rising 13% year-over-year to $572 million, exceeding guidance. Residential revenue grew 8% to $409 million, while Rentals revenue jumped 29% to $117 million and Mortgages revenue increased 42% to $34 million. The company posted a net loss of $17 million, with Adjusted EBITDA of $134 million representing 23% of revenue.The company announced a key leadership change, with COO Jeremy Wacksman being promoted to CEO and appointed to the Board of Directors, effective immediately after Q2 filing. Co-founder Rich Barton will transition from CEO to Co-Executive Chairman alongside co-founder Lloyd Frink. As part of his appointment, Wacksman's annual base salary will increase to $825,000 and he will receive equity awards including restricted stock units and stock options.Traffic metrics remained stable with 231 million average monthly unique users in Q2, while visits increased 4% year-over-year to 2.5 billion. The company maintained a strong financial position with $2.6 billion in cash and investments at quarter end, though down from $2.9 billion in Q1 2024.
Zillow Group reported strong Q2 2024 results with revenue rising 13% year-over-year to $572 million, exceeding guidance. Residential revenue grew 8% to $409 million, while Rentals revenue jumped 29% to $117 million and Mortgages revenue increased 42% to $34 million. The company posted a net loss of $17 million, with Adjusted EBITDA of $134 million representing 23% of revenue.The company announced a key leadership change, with COO Jeremy Wacksman being promoted to CEO and appointed to the Board of Directors, effective immediately after Q2 filing. Co-founder Rich Barton will transition from CEO to Co-Executive Chairman alongside co-founder Lloyd Frink. As part of his appointment, Wacksman's annual base salary will increase to $825,000 and he will receive equity awards including restricted stock units and stock options.Traffic metrics remained stable with 231 million average monthly unique users in Q2, while visits increased 4% year-over-year to 2.5 billion. The company maintained a strong financial position with $2.6 billion in cash and investments at quarter end, though down from $2.9 billion in Q1 2024.
Zillow集团发布了强劲的2024年第二季度业绩,营业收入同比增长13%,达到57200万,超出预期。住宅营业收入增长8%,达到40900万,而租赁营业收入猛增29%,达到11700万,抵押贷款营业收入增长42%,达到3400万。公司报告净亏损为1700万,调整后EBITDA为13400万,占营业收入的23%。公司宣布了一项关键的领导变动,首席运营官Jeremy Wacksman被提升为首席执行官,并被任命为董事会成员,立即生效于第二季度提交后。联合创始人Rich Barton将从首席执行官转为联合执行董事长,与联合创始人Lloyd Frink共同任职。作为他任命的一部分,Wacksman的...展开全部
Zillow集团发布了强劲的2024年第二季度业绩,营业收入同比增长13%,达到57200万,超出预期。住宅营业收入增长8%,达到40900万,而租赁营业收入猛增29%,达到11700万,抵押贷款营业收入增长42%,达到3400万。公司报告净亏损为1700万,调整后EBITDA为13400万,占营业收入的23%。公司宣布了一项关键的领导变动,首席运营官Jeremy Wacksman被提升为首席执行官,并被任命为董事会成员,立即生效于第二季度提交后。联合创始人Rich Barton将从首席执行官转为联合执行董事长,与联合创始人Lloyd Frink共同任职。作为他任命的一部分,Wacksman的年基本薪资将增加到825,000美元,并将获得包括限制性股票单位和期权在内的股权奖励。在第二季度,流量指标保持稳定,平均每月独立用户数为23100万,访问量同比增长4%,达到25亿。公司在季度末维持强劲的财务状况,现金和投资达26亿,尽管较2024年第一季度的29亿有所下降。
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