Zillow Group reports Q2 revenue $506M, consensus $472.14M

Residential revenue decreased 3% year over year to $380 million, outperforming both the industry total transaction dollar1 decline of 22% and the high end of the company’s expectations, as the company delivered a better-than-expected number of connections to Premier Agent partners, and had favorable relative housing macroeconomic tailwinds despite a challenging housing market. On a GAAP basis, net loss was $35 million in Q2. Q2 Adjusted EBITDA was $111 million.