share_log

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

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

8-K:Zillow 集团公布2024年第三季度财务业绩
美股SEC公告 ·  2024/11/07 05:12

Moomoo AI 已提取核心信息

Zillow Group delivered robust Q3 2024 results, with total revenue growing 17% YoY to $581M, exceeding guidance by $28M. Residential revenue rose 12% to $405M, rentals revenue increased 24% to $123M, and mortgages revenue surged 63% to $39M. The company reported a net loss of $20M, while Adjusted EBITDA reached $127M, representing 22% of revenue.Performance was driven by improved buyer-seller conversion rates, 38% YoY growth in multifamily revenue, and an 80% increase in purchase loan origination volume to $812M. Traffic metrics remained strong with 233M average monthly unique users and 2.4B visits, up 1% and 3% YoY respectively.The company maintained a strong financial position with $2.2B in cash and investments at quarter-end, though down from $2.6B in Q2. Zillow's results outperformed the broader real estate market, which saw only 2% growth in total transaction value during the quarter.
Zillow Group delivered robust Q3 2024 results, with total revenue growing 17% YoY to $581M, exceeding guidance by $28M. Residential revenue rose 12% to $405M, rentals revenue increased 24% to $123M, and mortgages revenue surged 63% to $39M. The company reported a net loss of $20M, while Adjusted EBITDA reached $127M, representing 22% of revenue.Performance was driven by improved buyer-seller conversion rates, 38% YoY growth in multifamily revenue, and an 80% increase in purchase loan origination volume to $812M. Traffic metrics remained strong with 233M average monthly unique users and 2.4B visits, up 1% and 3% YoY respectively.The company maintained a strong financial position with $2.2B in cash and investments at quarter-end, though down from $2.6B in Q2. Zillow's results outperformed the broader real estate market, which saw only 2% growth in total transaction value during the quarter.
Zillow集团发布了强劲的2024年第三季度业绩,整体营业收入同比增长17%,达到58100万,超出预期2800万。住宅营业收入增长12%,达到40500万,租赁营业收入增加24%,达到12300万,抵押贷款营业收入激增63%,达到3900万。公司报告净亏损2000万,而调整后EBITDA达到12700万,占营业收入的22%。业绩受益于改善的买卖双方转化率,多户住宅营业收入同比增长38%,以及购买贷款发放成交量激增80%,达到81200万。流量指标保持强劲,平均每月独立用户数为23300万,访问量达到24亿,分别同比增长1%和3%。截至季度末,公司保持了强劲的财务状况,现金和投资总额为22亿,虽然较于第二季度的26亿有所下降。Zillow的业绩超越了更广泛的房地产业市场,该季度总成交价值仅增长了2%。
Zillow集团发布了强劲的2024年第三季度业绩,整体营业收入同比增长17%,达到58100万,超出预期2800万。住宅营业收入增长12%,达到40500万,租赁营业收入增加24%,达到12300万,抵押贷款营业收入激增63%,达到3900万。公司报告净亏损2000万,而调整后EBITDA达到12700万,占营业收入的22%。业绩受益于改善的买卖双方转化率,多户住宅营业收入同比增长38%,以及购买贷款发放成交量激增80%,达到81200万。流量指标保持强劲,平均每月独立用户数为23300万,访问量达到24亿,分别同比增长1%和3%。截至季度末,公司保持了强劲的财务状况,现金和投资总额为22亿,虽然较于第二季度的26亿有所下降。Zillow的业绩超越了更广泛的房地产业市场,该季度总成交价值仅增长了2%。
声明:本内容仅用作提供资讯及教育之目的,不构成对任何特定投资或投资策略的推荐或认可。 更多信息