NASDAQ$Z

Zillow Group Inc · Q2 2020 earnings

Q2 2020 earnings · · Investor relations

Briefing

Zillow's second quarter results exceeded expectations, driven by real estate and technology tailwinds.

Zillow Group's Q2 2020 revenue increased by 28% year-over-year to $768 million, primarily driven by Zillow Offers resale volume. The company's mobile apps and websites reached a record 218 million average monthly unique users. The company ended the quarter with $3.5 billion in cash and investments.

  • Total consolidated revenue grew 28% year over year to $768 million.
  • The Homes segment delivered $454 million in revenue.
  • Traffic to Zillow Group’s mobile apps and websites reached a record 218 million average monthly unique users, an increase of 12% year over year.
  • The company exited the quarter with the highest cash balance in its history, growing cash and investments to $3.5 billion from $2.6 billion at the end of Q1 2020.

Headline financials

Total Revenue

$768M

Previous: $600M+28.1%
EPS (adj)

-$0.41

Previous: -$0.14-192.9%
Capital Expenditures

-$54.7M

Previous: -$29.7M-84.2%
Free Cash Flow

$638M

Previous: -$403M+258.1%
Net Income

-$84.4M

Previous: -$72M-17.3%
Operating Income

-$62.7M

Previous: -$62.5M-0.2%
Gross Profit

$307M

Previous: $328M-6.4%
Cash & Equivalents

$2.05B

Previous: $767M+166.8%
Total Assets

$6.45B

Previous: $4.83B+33.6%
Stock-Based Comp

$52.4M

No prior period

Revenue & EPS history

Zillow · Revenue · Quarterly

$768M

Q2 2020+28.1%vs Q2 2019
Beat estimate in 11 of 16 quarters(69%)
ActualEstimate

Revenue by segment

Zillow · $655M total across 4 segments · Q2 2025

  • Residential
    $434M—
  • Rentals
    $159M—
  • Mortgages
    $48M—
  • Other
    $14M—

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q2 2020

Historical avgQ2 2020

+1.5%

Avg return

Earnings day

+0.1%

Avg return

5 days after

-0.8%

Avg return

30 days after

56%

24 / 43 earnings

Positive

+27.1%

Q4 2018

Best reaction

-32.6%

Q3 2021

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q2 2025———
Q1 2026-1.9%-11.0%-21.3%
Q4 2025-16.5%-20.6%-21.6%
Q3 2025+4.2%+1.8%+3.7%
Q1 2025+0.0%+3.6%+3.6%
Q4 2024-9.4%-7.4%-18.2%
Q3 2024+15.7%+20.7%+30.9%
Q2 2024+16.5%+20.3%+25.7%
Q1 2024-6.4%-2.0%-3.8%
Q4 2023+4.7%-1.2%-0.6%
Q3 2023-2.1%+2.4%+19.6%
Q2 2023-0.6%+1.2%-5.1%
Q1 2023+8.8%+12.7%+9.0%
Q4 2022+5.2%+0.8%-10.8%
Q3 2022+5.3%+8.8%+24.9%
Q2 2022-1.0%-3.2%-9.1%
Q1 2022-13.8%-17.4%-10.9%
Q4 2021+11.6%+31.2%-3.1%
Q3 2021-32.6%-32.0%-44.2%
Q2 2021-7.4%-8.6%-10.7%
Q1 2021-9.5%-5.7%-13.7%
Q4 2020+15.0%+17.2%-10.7%
Q3 2020+18.5%+0.4%+7.0%
Q2 2020+13.0%+6.7%+18.8%
Q1 2020+22.0%+13.3%+36.6%
Q4 2019+21.7%+14.2%-48.0%
Q3 2019+11.7%+12.5%+22.1%
Q2 2019-15.0%-25.2%-36.5%
Q1 2019+3.3%+5.9%+33.5%
Q4 2018+27.1%+21.0%+2.5%
Q3 2018-25.9%-25.2%-8.5%
Q2 2018-13.9%-14.9%-17.2%
Q1 2018+4.3%+3.9%+17.7%
Q4 2017+1.3%+0.4%+23.9%
Q3 2017+0.5%-3.1%+0.8%
Q2 2017-8.2%-13.7%-18.2%
Q1 2017+11.7%+8.4%+14.5%
Q4 2016-5.7%-6.0%-3.8%
Q3 2016+5.2%+3.3%+1.5%
Q2 2016-4.2%-7.4%-11.0%
Q1 2016+11.9%——
Q4 2015+6.1%——
Q3 2015-2.8%——
Q2 2015-5.3%——
Q1 2015———
Q4 2014———
Q3 2014———
Q2 2014———
Q1 2014———
Q4 2013———
Q3 2013———
Q2 2013———
Q1 2013———
Q4 2012———
Q3 2012———
Q2 2012———
Q1 2012———
Q4 2011———
Q3 2011———
Q2 2011———
Q1 2011———
Q4 2010———
Q3 2010———
Q2 2010———
Q1 2010———

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