Zillow Q2 revenue $1.3B (+70% YoY); net income $10M, Adj. EBITDA $183M

ZILLOW GROUP, INC.

2021-Q2 EPS reported $0.24 revenue$2,528,420,000

Revenue $1.3B (+70% YoY); gross profit $538M (+92% YoY); net income $10M vs loss $84M YoY.
IMT segment revenue $476M (+70%) with Premier Agent $349M (+82%); Adj. EBITDA $218M (46% margin).
Homes segment revenue $777M (+71%) driven by Zillow Offers $772M; 2,086 homes sold (+45%).
Mortgages segment revenue $57M (+68%); total loan origination volume $888M (+231%).
229M avg monthly unique users (+5%); cash & investments $4.6B; results exceeded high end of outlook.

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