Zillow Group Q2 Earnings: Revenue Beat, EPS Beat, Strong Guidance, New CEO, 'Increasingly Diversified And Growing Business'
Zillow Group Q2 Earnings: Revenue Beat, EPS Beat, Strong Guidance, New CEO, 'Increasingly Diversified And Growing Business'
Zillow Group Inc (NASDAQ:Z) (NASDAQ:ZG) reported financial results for the second quarter after the market close on Wednesday. Here's a rundown of the report.
Zillow集團（NASDAQ：Z）（NASDAQ：ZG）週三收市後公佈了第二季度的財務業績。以下是該報告的簡要概述。
- Q2 Revenue: $572 million, versus estimates of $537.588 million
- Q2營業收入：5,7200萬美元，預估值爲5,3758.8萬美元。
- Q2 EPS: 39 cents, versus estimates of 27 cents
- Q2每股收益：0.39美元，預估值爲0.27美元。
Total revenue was up 13% year-over-year in the second quarter. Residential revenue increased 8% year-over-year to $409 million. Rentals revenue increased 29% year-over-year to $117 million. Mortgages revenue increased 42% year-over-year to $34 million.
第二季度總收入同比增長13%。住宅收入同比增長8%，達到4,0900萬美元。租賃收入同比增長29%，達到1,1700萬美元。抵押收入同比增長42%，達到3400萬美元。
Zillow said it had 231 million average monthly unique users across its mobile apps and sites in the second quarter, flat on a year-over-year basis. Visits were up 4% year-over-year to 2.5 billion.
Zillow稱其移動應用程序和網站在第二季度擁有2310萬平均月獨立用戶，與去年同期持平。訪問量同比增長4%，達到25億。
Zillow also announced that it promoted COO Jeremy Wacksman to CEO. Waksman will replace co-founder Rich Barton, who will remain on Zillow's board and become co-executive chair alongside co-founder and current executive chair Lloyd Frink.
Zillow還宣佈提升首席運營官Jeremy Wacksman爲首席執行官。Waksman將取代聯合創始人Rich Barton，後者將繼續擔任Zillow董事會成員，與聯合創始人兼現任執行主席Lloyd Frink共同擔任聯合執行主席。
"Zillow outperformed the residential real estate industry for the eighth consecutive quarter, delivering better-than-expected revenue across the business. We're executing well, continually shipping exceptional products and services in Zillow's housing super app as we build the digital future of real estate," Wacksman said.
“Zillow在第八個季度內表現優於住宅房地產業，業務各板塊的營業收入都超出預期。我們的執行能力不斷提高，我們在Zillow的住房超級應用中不斷推出卓越產品和服務，構建房地產業的數字未來，”Wacksman說。
"With an increasingly diversified and growing business, we are on our way to deliver strong GAAP profitability over time and meet our 2024 expectations to deliver double-digit revenue growth and modestly expand our Adjusted EBITDA margin."
“隨着業務日益多元化和擴大，我們正在實現強有力的GAAP盈利能力，以滿足我們2024年的預期，實現兩位數的營收增長和略微擴大我們的調整後EBITDA利潤率。”
Outlook: Zillow expects third-quarter revenue to be in the range of $545 million to $560 million versus estimates of $538 million. The company expects residential revenue to come in between $375 million and $385 million in the third quarter. Adjusted EBITDA is expected to be in the range of $95 million to $110 million.
展望：Zillow預計第三季度營收範圍爲5,4500萬美元至5,6000萬美元，預估值爲5,3800萬美元。該公司預計第三季度的住宅銷售額將在3,7500萬至3,8500萬之間。調整後的EBITDA預計在9500萬至1,1000萬之間。
"We estimate the residential real estate industry total transaction value in Q3 will grow in the mid-single digits range year over year as compared to 3% year-over-year growth in Q2 2024," the company said.
“我們估計，在第三季度，住宅房地產業總交易價值將同比增長中等單數位數字，相比之下，Q2 2024同比增長3%。”
"We expect our Rentals revenue to grow in the mid-20% range year over year. We expect multifamily revenue to grow faster than Rentals overall, as we benefit from sales."
“我們預計租賃收入同比增長中20%的幅度。我們預計多戶收入將比總體租賃增長更快，因爲我們從銷售中受益。”
ZG Price Action: Zillow shares were up 13.72% after-hours at $45.89 at the time of publication Wednesday, according to Benzinga Pro.
Zillow股價在週三發佈時爲45.89美元，盤後上漲13.72％，據Benzinga Pro稱。
Photo: Shutterstock.
照片：shutterstock。