NASDAQ$Z

Zillow Group Inc · Q2 2022 earnings

Q2 2022 earnings · · Investor relations

Briefing

Zillow Group's financial performance remained strong despite macroeconomic challenges.

Zillow Group reported consolidated Q2 revenue of $1.0 billion, exceeding the midpoint of their outlook range. The company's net income was $8 million, and Adjusted EBITDA was $164 million, also surpassing expectations. Zillow Group's mobile apps and websites had 234 million average monthly unique users in Q2, an increase of 2% year over year.

  • Zillow Group delivered second-quarter IMT segment and consolidated results in line with their outlook for both revenue and Adjusted EBITDA.
  • Consolidated Q2 revenue was $1.0 billion, above the midpoint of the outlook range.
  • Consolidated GAAP net income was $8 million in Q2.
  • Zillow and Opendoor announced a multi-year partnership.

Headline financials

Total Revenue

$1.01B

Previous: $1.31B-23.0%
EPS (adj)

$0.47

Previous: $0.44+6.8%
Capital Expenditures

-$60M

Previous: -$24.1M-148.6%
Free Cash Flow

$4.2B

Previous: -$182M+2409.5%
Net Income

$8M

Previous: $9.64M-17.0%
Operating Income

$18M

Previous: $61.7M-70.8%
Gross Profit

$443M

Previous: $538M-17.7%
Cash & Equivalents

$2.18B

Previous: $3.71B-41.3%
Total Assets

$6.78B

Previous: $8.78B-22.7%
Stock-Based Comp

$102M

Previous: $88.1M+15.8%

Revenue & EPS history

Zillow · Revenue · Quarterly

$1.01B

Q2 2022-23%vs Q2 2021
Beat estimate in 15 of 15 quarters(100%)
ActualEstimate

Revenue by segment

Zillow · $100M total across 2 segments · Q2 2022

  • Rentals Revenue
    $71M
  • Mortgages Revenue
    $29M-48.9%

Forward guidance

Complete financial results for the second quarter and outlook for the third quarter of 2022 can be found in our shareholder letter on the Investor Relations section of Zillow Group’s website

Historical earnings impact

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

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q2 2022

Historical avgQ2 2022

+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
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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