Online real estate marketplace Zillow (NASDAQ:ZG) beat analysts’ expectations in Q2 CY2024, with revenue up 13% year on year to $572 million. It made a GAAP loss of $0.07 per share, improving from its loss of $0.15 per share in the same quarter last year.
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Zillow (ZG) Q2 CY2024 Highlights:
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Revenue: $572 million vs analyst estimates of $538.2 million (6.3% beat)
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EPS: -$0.07 vs analyst estimates of -$0.16 ($0.08 beat)
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Gross Margin (GAAP): 77.3%, down from 79.4% in the same quarter last year
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EBITDA Margin: 0%, down from 21.9% in the same quarter last year
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Free Cash Flow was -$40.94 million, down from $41 million in the previous quarter
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Market Capitalization: $9.95 billion
Founded by Expedia co-founders Lloyd Frink and Rich Barton, Zillow (NASDAQ:ZG) is the leading U.S. online real estate marketplace.
