How Zillow Group’s revenue (and expenses) grew in Q2

Posted by:

So far, 2016 has been quite a year for Zillow Group, which operates the real estate portals Zillow, Trulia, StreetEasy, HotPads and Naked Apartments. The company settled a lawsuit with realtor.com operator Move, Inc., that came with a hefty damages request ($2 billion), rolled out extensive changes to its Premier Agent app, and it just acquired Bridge Interactive — so what’s next? The company released its second-quarter financial results today, showing revenue at $208.4 million in Q2 and expenses at $363,733. The good news for investors is that the company hit a record-breaking revenue quarter; its revenue increased 31 percent year-over-year — however, it’s still operating at a net loss of $155.3 million. That’s a hefty number, outpacing last quarters’ $47.6 million net lo…

0


[related_posts_content limit="5" title="Related Posts"]

Add a Comment