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 also announced that it promoted COO 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集团（NASDAQ：Z）（NASDAQ：ZG）周三收市后公布了第二季度的财务业绩。以下是该报告的简要概述。
- Q2 Revenue: $572 million, versus estimates of $537.588 million
- Q2营业收入：5,7200万美元，预估值为5,3758.8万美元。
- Q2 EPS: 39 cents, versus estimates of 27 cents
- Q2每股收益：0.39美元，预估值为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.
第二季度总收入同比增长13%。住宅收入同比增长8%，达到4,0900万美元。租赁收入同比增长29%，达到1,1700万美元。抵押收入同比增长42%，达到3400万美元。
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称其移动应用程序和网站在第二季度拥有2310万平均月独立用户，与去年同期持平。访问量同比增长4%，达到25亿。
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还宣布提升首席运营官Jeremy Wacksman为首席执行官。Waksman将取代联合创始人Rich Barton，后者将继续担任Zillow董事会成员，与联合创始人兼现任执行主席Lloyd Frink共同担任联合执行主席。
"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在第八个季度内表现优于住宅房地产业，业务各板块的营业收入都超出预期。我们的执行能力不断提高，我们在Zillow的住房超级应用中不断推出卓越产品和服务，构建房地产业的数字未来，”Wacksman说。
"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."
“随着业务日益多元化和扩大，我们正在实现强有力的GAAP盈利能力，以满足我们2024年的预期，实现两位数的营收增长和略微扩大我们的调整后EBITDA利润率。”
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预计第三季度营收范围为5,4500万美元至5,6000万美元，预估值为5,3800万美元。该公司预计第三季度的住宅销售额将在3,7500万至3,8500万之间。调整后的EBITDA预计在9500万至1,1000万之间。
"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.
“我们估计，在第三季度，住宅房地产业总交易价值将同比增长中等单数位数字，相比之下，Q2 2024同比增长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."
“我们预计租赁收入同比增长中20%的幅度。我们预计多户收入将比总体租赁增长更快，因为我们从销售中受益。”
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股价在周三发布时为45.89美元，盘后上涨13.72％，据Benzinga Pro称。
Photo: Shutterstock.
照片：shutterstock。
