Earnings Call Summary | Zillow-C(Z.US) Q1 2024 Earnings Conference
Earnings Call Summary | Zillow-C(Z.US) Q1 2024 Earnings Conference
The following is a summary of the Zillow Group, Inc. (Z) Q1 2024 Earnings Call Transcript:
以下是Zillow集團公司（Z）2024年第一季度業績電話會議記錄摘要：
Financial Performance:
財務業績：
Zillow reported Q1 2024 revenue of $529 million, indicating a 13% yearly growth.
Q1 generated Rental and Mortgages revenues of $97 million (31% up YoY) and $31 million (up 19% YoY), respectively.
The net loss for Q1 was $24 million, equivalent to 4% of revenue.
EBITDA for the quarter stood at $125 million, leading to a 24% EBITDA margin, a YoY margin increase of 200 basis points.
A severe increase was witnessed in mortgage strategy's purchase loan origination volume, over 130% YoY to $601 million.
Q1 ended with $2.9 billion of cash and assets, up from $2.8 billion as of Q4.
Zillow forecasts a mid-20% YoY growth in Q2 revenue, backed by investment in rental products and services.
Zillow報告稱，2024年第一季度收入爲5.29億美元，年增長13％。
第一季度的租金和抵押貸款收入分別爲9,700萬美元（同比增長31％）和3,100萬美元（同比增長19％）。
第一季度的淨虧損爲2400萬美元，相當於收入的4％。
該季度的息稅折舊攤銷前利潤爲1.25億美元，息稅折舊攤銷前利潤率爲24％，同比利潤率增長了200個點子。
抵押貸款策略的購置貸款發放量大幅增長，同比超過130％，達到6.01億美元。
第一季度末的現金和資產爲29億美元，高於第四季度的28億美元。
Zillow預測，在租賃產品和服務投資的支持下，第二季度收入將同比增長20％左右。
Business Progress:
業務進展：
Zillow continues to advance its housing super app, widening market influence and intensifying penetration.
Multifamily property count rose to 40,000 properties, up from 37,000 at year-end, reflecting 30% compounded annual growth.
The focus remains on evolving digital solutions in the housing industry, emphasizing enhancing consumer experience.
Listings powered by ShowingTime are expanding to 34 new markets by end of May 2024, set to total 124.
Recent acquisition, Follow Up Boss, exhibiting good customer retention, indicating successful integration.
With evolving regulatory environment, Zillow plans on leveraging its extensive audience, productive agent collaborations, and providing outstanding technology for partner efficiency.
Zillow expects real-time touring to contribute to 20% of connections by the year end.
Despite rising mortgage rates hampering first-home buyer activity, Zillow projects this as a transient issue, and is prepared to weather the situation.
Zillow繼續推進其住房超級應用程序，擴大市場影響力並提高滲透率。
多戶住宅物業數量從年底的37,000處增至40,000套，反映了30％的複合年增長率。
重點仍然是住房行業不斷髮展的數字解決方案，強調增強消費者體驗。
到2024年5月底，由ShowingTime支持的清單將擴展到34個新市場，總數將達到124個。
最近收購的Follow Up Boss表現出良好的客戶保留率，表明整合成功。
隨着監管環境的不斷變化，Zillow計劃利用其廣泛的受衆、富有成效的代理合作，並提供卓越的技術來提高合作伙伴的效率。
Zillow預計，到年底，實時巡迴演出將增加20％的連接。
儘管抵押貸款利率上升阻礙了首次購房者的活動，但Zillow預計這是一個短暫的問題，並已準備好應對這種情況。
More details: Zillow-C IR
更多詳情： Zillow-C 紅外線
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
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譯文內容由第三人軟體翻譯。