Zillow Group (ZG) Posts Larger Q2 Loss, While Revenues Beat; Raises Revenue Outlook

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Zillow Group Reports Second Quarter 2016 Results

August 4, 2016 4:08 PM EDT

Record Revenue of $208.4 million increased 31% year-over-year, excluding revenue from Market Leader, which was divested in the third quarter of 2015.Marketplace Revenue of $191.6 million increased 44% year-over-year, excluding revenue from Market Leader.All-time high of more than 171 million unique users in May to Zillow Group consumer brands Zillow®, Trulia®, StreetEasy®, HotPads® and Naked Apartments®.Zillow Group captured 78% market share of the mobile-only category.

SEATTLE, Aug. 04, 2016 (GLOBE NEWSWIRE) -- Zillow Group, Inc. (NASDAQ: Z) (NASDAQ: ZG), which houses a portfolio of the largest and... More