Zillow delivered better-than-expected results and the housing market is improving.Shares of Zillow Group (Z 18.27%) (ZG 18.22%), the leading online real estate platform, were surging today after the company delivered solid growth in spite of broader weakness in the housing market.As a result, the stock closed up 18.3%. Zillow bounces backZillow, which makes money through advertising and related services for realtors, said that revenue in the quarter rose 13% to $572 million, easily beating the company's own ...

Key TakeawaysShares of Zillow Group soared on Thursday, one day after the company named a new CEO and announced better-than-expected second-quarter results.The real estate services company reported a narrower loss and better-than-expected revenue for the second quarter, as demand for all of its services grew.Zillow announced COO Jeremy Wacksman would be the new CEO, replacing co-founder Rich Barton. Zillow Group (Z) shares jumped as the real estate services company reported better-than-expected results for ...

About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...

Zillow Group, Inc. (ZG) reported healthy second-quarter 2024 results, wherein both the top and bottom lines surpassed the Zacks Consensus Estimate. The company witnessed a revenue expansion year over year, backed by strong momentum in all verticals.The company has a solid brand position in the residential real estate industry. It boasts 231 million average monthly unique users across the Zillow ecosystem of apps and sites. Zillow’s advanced technology, such as Real Time Touring, Listing Showcase, Follow Up ...

Zillow Group (ZG) reported $572 million in revenue for the quarter ended June 2024, representing a year-over-year increase of 13%. EPS of $0.39 for the same period compares to $0.39 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $539.75 million, representing a surprise of +5.98%. The company delivered an EPS surprise of +25.81%, with the consensus EPS estimate being $0.31.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how ...

Zillow (Z) came out with quarterly earnings of $0.39 per share, beating the Zacks Consensus Estimate of $0.31 per share. This compares to earnings of $0.39 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 25.81%. A quarter ago, it was expected that this real estate website operator would post earnings of $0.36 per share when it actually produced earnings of $0.36, delivering no surprise.Over the last four quarters, the company ...

Zillow Group (ZG) came out with quarterly earnings of $0.39 per share, beating the Zacks Consensus Estimate of $0.31 per share. This compares to earnings of $0.39 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 25.81%. A quarter ago, it was expected that this online real estate marketplace would post earnings of $0.36 per share when it actually produced earnings of $0.36, delivering no surprise.Over the last four quarters, the ...

财务状况 - 公司现金及现金等价物为11.81亿美元，短期投资为14.47亿美元[2] - 公司总资产为66.28亿美元[2] - 公司总负债为21.27亿美元，股东权益为45.01亿美元[2] - 公司经营活动产生的现金流量净额为1.35亿美元[6] 经营业绩 - 公司营业收入为5.72亿美元，同比增长13.1%[4] - 公司毛利为4.42亿美元，毛利率为77.3%[4] - 公司销售及营销费用为2.05亿美元，研发费用为1.44亿美元，管理费用为1.31亿美元[4] - 公司净亏损为1700万美元，每股亏损为0.07美元[4] - 公司调整后EBITDA为1.34亿美元[4] - 公司非GAAP净收益为0.99亿美元，非GAAP每股收益为0.39美元[8] 业务发展 - 报告访问量和月活跃用户数的变化情况，访问量同比增长4%，月活跃用户数保持稳定[10][11][12] - 报告Zillow Home Loans的贷款发放情况，购房贷款同比增长125%，再融资贷款同比下降25%[13][14] - 报告公司在产品研发、市场扩张和并购等方面的新动态和未来展望[无] - 报告公司在确保信息准确性和与团队合作分享洞察方面的工作[无]

财务数据 - 公司总营收为11.01亿美元，同比增长12.9%[31] - 公司毛利润为8.48亿美元，毛利率为77.0%[31] - 公司净亏损为4000万美元，每股亏损0.17美元[31] - 公司现金及现金等价物为11.81亿美元，短期投资为14.47亿美元[29] - 公司总资产为66.28亿美元，总负债为21.27亿美元[29] - 公司股东权益为45.01亿美元[29] - 公司经营活动产生的现金流出为1.39亿美元[31] - 2024年第二季度净亏损4,000万美元[38] - 2024年上半年股票回购3.01亿美元[38] - 2024年上半年行使股票期权和限制性股票单位发行的新股份总额为5,149,000股[38] - 2024年上半年股份支付费用为2.61亿美元[38] - 2024年上半年经营活动产生的现金流为1.35亿美元[41] - 2024年上半年投资活动使用的现金流为2.07亿美元[41] - 2024年上半年融资活动使用的现金流为2.4亿美元[41] 业务概况 - 公司重塑房地产行业，成为美国访问量最大的房地产网站[44] - 通过数字解决方案、专业合作伙伴和代理商以及更简单的购买、出售、融资和租赁体验，帮助人们找到并实现他们想要的家[44] - 公司拥有多个附属公司和品牌,包括Zillow Premier Agent、Zillow Home Loans、Zillow Rentals、Trulia、StreetEasy、HotPads和Out East等[45] - 公司提供房地产行业的营销软件和技术解决方案,包括ShowingTime+、Spruce和Follow Up Boss[45] 风险因素 - 公司面临多方面的重大风险和不确定性,包括经济和房地产行业的变化、法律诉讼、人才吸引和保留、信息系统安全等[46] 衍生工具和金融工具 - 公司使用蒙特卡罗模拟和拉动率等方法估算或有对价和即期利率锁定合约的公允价值[57][60][61][62] - 公司通过远期合约等衍生工具管理即期利率锁定合约和持有待售的抵押贷款的利率风险[63][64] - 公司持有的短期投资主要包括美国政府国库券、公司债券和商业票据等[66] - 公司持有的现金等价物主要包括货币市场基金和美国政府国库券[66] 收购与整合 - 公司收购Follow Up Boss公司，总收购价格为4.84亿美元，其中包括4.03亿美元现金支付和0.81亿美元或有对价[74][75] - 收购Follow Up Boss公司形成的商誉为4.02亿美元，已确认的无形资产为0.86亿美元[75][76] - 公司收购Aryeo和Spruce公司，总收购价格为5.9亿美元，其中包括3.4亿美元现金支付和2亿美元股票支付[79][81] - 收购Aryeo和Spruce公司形成的商誉为4.2亿美元，已确认的无形资产为1.3亿美元[80][82] 资产负债情况 - 公司资本支出中网站开发成本为5.39亿美元，占总资产的86.6%[69] - 公司网站开发成本资本化金额为1.06亿美元，摊销费用为6.9亿美元[71] - 公司无形资产账面价值为2.22亿美元，其中客户关系资产0.72亿美元，开发技术0.6亿美元[87] - 公司无形资产摊销费用为3800万美元[90] - 公司发行的可转换票据总额为16.07亿美元[91] - 公司利用主回购协议为Zillow Home Loans提供资金支持，截至2024年6月30日可用借款额度为2.5亿美元，实际借款1.82亿美元[94][95] - 公司累计联邦税务亏损约为14亿美元，可用于抵消未来应纳税所得[113] 股票回购与股权激励 - 公司已获得2.5亿美元的股票回购授权额度，截至2024年6月30日剩余3.81亿美元[115][116] - 公司在2024年第二季度回购了98.8万股A类普通股和590.4万股C类资本股[117][118] - 公司在2024年第二季度授予了285.3万份期权和627.5万份受限股单位[121][125] - 截至2024年6月30日,公司尚有3.14亿美元未确认的期权激励成本和6.52亿美元未确认的受限股单位激励成本[124][126] - 公司在三个月和六个月期间的股权激励费用分别为1.13亿美元和2.21亿美元[127] - 公司在三个月和六个月期间的加权平均C类普通股期权和受限股票单位分别为66,378,000股和67,408,000股[128] 债券与套期保值 - 2026年票据、2025年票据和2024年票据分别于2026年9月1日、2025年5月15日和2024年9月1日到期[107] - 2026年票据、2025年票据和2024年票据的转换价格分别为43.51美元、67.20美元和43.51美元[108] - 公司在2024年第二季度通过公开市场交易回购了8800万美元的2025年票据[109] - 公司已设立了与2026年票据和2024年票据相关的套期保值交易,分别设置了150%和125%的上限价格[110] - 2025年票据和2026年票据在2024年第三季度不可转换,2024年票据可于2024年3月1日至到期日前第二个交易日转换[111] 诉讼与承诺 - 公司目前涉及多起诉讼案件,但管理层认为不会对公司财务状况、经营成果和现金流产生重大影响[130,131,132,133,134,135] - 公司在正常业务过程中提供各种形式的赔付和担保[

Listings for luxury homes are seeing relatively more competition than homes in the market's midrange Luxury home values are up 3.9% year over year.  Inventory of luxury homes remains 46.9% below pre-pandemic levels, a bigger deficit than in the housing market overall.  Richmond has the hottest luxury housing market in the country. Austin is the only major market where luxury home values have declined throughout the past year.  SEATTLE, July 31, 2024 /PRNewswire/ -- Luxury home value growth, which has consis ...