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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 ·  08/08 04:10

牛牛AI助手已提取核心信息

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集团宣布将Jeremy Wacksman从首席运营官晋升为首席执行官,并立即生效,提交第二季度业绩后。联合创始人Rich Barton将与Lloyd Frink共同担任联合执行主席。该公司报告第二季度营业收入为57200万,同比增长13%,超出市场预期。住宅营业收入同比增长8%,达到40900万,表现优于行业趋势。租赁营业收入激增29%,达到11700万,得益于多户住宅增长44%。抵押贷款营业收入增长42%,达到3400万,主要由于购房贷款成交量强劲。公司净亏损为1700万,而调整后的息税折旧摊销前利润(EBITDA)上升至13400万,占营业收入的23%。Zillow保持了强劲的财务状况,现金和投资总额为26亿。网站流量保持稳定,平均每月独立用户达到23100万,访问量同比增长4%,达到25亿。该公司重申其2024年将实现双位数营业收入增长和适度的调整后EBITDA利润率扩张的预测。
Zillow集团宣布将Jeremy Wacksman从首席运营官晋升为首席执行官,并立即生效,提交第二季度业绩后。联合创始人Rich Barton将与Lloyd Frink共同担任联合执行主席。该公司报告第二季度营业收入为57200万,同比增长13%,超出市场预期。住宅营业收入同比增长8%,达到40900万,表现优于行业趋势。租赁营业收入激增29%,达到11700万,得益于多户住宅增长44%。抵押贷款营业收入增长42%,达到3400万,主要由于购房贷款成交量强劲。公司净亏损为1700万,而调整后的息税折旧摊销前利润(EBITDA)上升至13400万,占营业收入的23%。Zillow保持了强劲的财务状况,现金和投资总额为26亿。网站流量保持稳定,平均每月独立用户达到23100万,访问量同比增长4%,达到25亿。该公司重申其2024年将实现双位数营业收入增长和适度的调整后EBITDA利润率扩张的预测。

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