- Zillow’s 3rd Quarter (3Q) revenue expected to be between $545 million to $560 million, compared to an estimate of $553 million.
- Estimated 3Q Residential revenue is between $375 million to $385 million, lower than the expected $387.6 million.
- Expected 3Q adjusted EBITDA is between $95 million to $110 million, less than the estimated $120.7 million.
- 2nd Quarter (2Q) revenue was $572 million, a 13% increase year-on-year (y/y), exceeding the estimate of $538.2 million.
- 2Q Residential revenue reached $409 million, up 7.6% y/y, surpassing the estimate of $381.3 million.
- 2Q Rentals revenue was $117 million, a 29% increase y/y, higher than the estimate of $111.5 million.
- 2Q Mortgages revenue was $34 million, up 42% y/y, higher than the estimate of $30.5 million.
- 2Q Other revenue was $12 million, a 9.1% increase y/y, beating the estimate of $10.7 million.
- 2Q adjusted EBITDA was $134 million, a 21% increase y/y, significantly higher than the $98.6 million estimated.
- Average monthly unique visitors in 2Q were 231 million, close to the estimate of 232.19 million.
- Total visits in 2Q were 2.5 billion, slightly exceeding the estimate of 2.47 billion.
- The increase in Rentals revenue was primarily driven by multifamily revenue growing 44% y/y in Q2.
- Jeremy Wacksman has been promoted to CEO of Zillow Group and appointed to the company’s Board of Directors.
- Co-founder Rich Barton will remain on the Board and will become its co-executive chairman.
A look at Zillow Group Inc A Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 1 | |
| Growth | 2 | |
| Resilience | 4 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 2.6 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
According to Smartkarma Smart Scores, Zillow Group Inc A shows a mixed long-term outlook across key factors. With a Value score of 3, the company demonstrates moderate potential in terms of its valuation. However, its Dividend score of 1 suggests a lower focus on distributing dividends to investors. In terms of Growth, Zillow scores a 2, indicating a moderate outlook for future expansion. The company’s Resilience score of 4 is relatively strong, reflecting its ability to withstand market challenges. Lastly, Zillow’s Momentum score of 3 denotes a moderate level of market momentum.
Zillow Group, Inc. is an e-commerce company that provides comprehensive real estate services, including information on homes, property listings, and mortgages through online platforms and mobile apps. Serving a wide range of clients such as homeowners, buyers, sellers, renters, and real estate professionals across the United States, Zillow aims to facilitate smoother transactions in the real estate market through its digital solutions.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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