Zillow Tops Estimates as U.S. Real Estate Market Fuels Results

(Bloomberg) -- Zillow Group Inc. posted better-than-expected results for the second quarter, with the company’s websites and apps drawing a flood of prospective homebuyers in the hot U.S. housing market.

• The company had adjusted earnings before interest, taxes, depreciation and amortization of $183 million, according to a statement Thursday. That beat the average analyst estimate of $133 million.

Key Insights

Market Reaction

• Zillow shares had fallen 19% this year through Thursday’s close, after nearly tripling in 2020.

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