Zillow Group (NASDAQ:ZG) Second Quarter 2024 Results

Key Financial Results

• Revenue: US$572.0m (up 13% from 2Q 2023).
• Net loss: US$17.0m (loss narrowed by 51% from 2Q 2023).
• US$0.073 loss per share (improved from US$0.15 loss in 2Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Zillow Group Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 6.4%. Earnings per share (EPS) also surpassed analyst estimates by 64%.

Looking ahead, revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Real Estate industry in the US.

The company's shares are up 7.5% from a week ago.

Balance Sheet Analysis

While it's very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet. We have a graphic representation of Zillow Group's balance sheet and an in-depth analysis of the company's financial position.

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