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 16 quarters(94%)
ActualEstimate

Revenue by segment

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

  • Rentals
    $71M—
  • Mortgages
    $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 19 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
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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