Zillow Group, Inc. (ZG) Tops Q2 EPS by 5c, Beats on Revenues; Offers FY17 Revenue Outlook

Zillow Group, Inc. (NASDAQ: ZG) reported Q2 EPS of $0.04, $0.05 better than the analyst estimate of ($0.01). Revenue for the quarter came in at $266.85 million versus the consensus estimate of $262.5 million.

Second Quarter 2017 Financial Highlights

• Revenue increased 28% to a record $266.9 million from $208.4 million in the second quarter of 2016.
• Marketplace Revenue increased 30% to $248.6 million from $191.6 million in the second quarter of 2016.
• Premier Agent Revenue increased 29% to $189.7 million from $147.1 million in the second quarter of 2016.
• Other Real Estate Revenue(1) increased 45% to $37.9 million from $26.1 million in the second quarter of 2016.
• Mortgages Revenue increased 14% to $20.9 million from $18.4 million in the second quarter of 2016.
• Display Revenue increased 9% to $18.3 million from $16.8 million in the second quarter of 2016.

GUIDANCE:

Zillow Group, Inc. sees FY2017 revenue of $1.055-1.065 billion, versus the consensus of $1.06 billion.

For earnings history and earnings-related data on Zillow Group, Inc. (ZG) click here.

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