Zillow Q2 revenue $506M beats guidance; Adj. EBITDA $111M; announces $750M buyback

ZILLOW GROUP, INC.

2023-Q2 EPS reported -$0.24 revenue$975,000,000

Revenue $506M, above outlook midpoint by $41M; Residential $380M (-3% YoY), Rentals $91M (+28%), Mortgages $24M (-17%).
GAAP net loss $35M vs net income $8M in Q2 2022; Adjusted EBITDA $111M, $40M above guidance midpoint.
Board authorized $750M share repurchase, bringing total available to $1.0B; repurchased $150M in Q2.
Traffic: 226M MAU (-3% YoY), 2.7B visits (-8% YoY); purchase loan origination volume $336M (+73% YoY).

item 2.02 item 8.01 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

ZILLOW GROUP, INC. reported financial results for the three months ended June 30, 2023.

Period: the three months ended June 30, 2023
Result: reported results

Exact text from the filing

Zillow Group, Inc. (“Zillow Group”) today issued a press release and a shareholder letter announcing its financial results for the fiscal quarter ended June 30, 2023.

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8 earnings releases filed in the last 30 days. Browse all earnings releases →

ZILLOW GROUP, INC. filing history →

Source: SEC EDGAR

accession 0001617640-23-000088

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