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  4. Zillow Drops 8% Despite Q2 Revenue Beat, Provides Guidance
Phương Thức Thanh Toán

Zillow Drops 8% Despite Q2 Revenue Beat, Provides Guidance

By Davit Kirakosyan Zillow (NASDAQ:Z) shares fell more than 8% after-hours despite the company’s reported Q2 results, with revenue of $1 billion coming in better than the...
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Zillow Drops 8% Despite Q2 Revenue Beat, Provides Guidance © Reuters. Zillow Shares Drop 8% Despite Q2 Revenue Beat, Provides Guidance

By Davit Kirakosyan

Zillow (NASDAQ:Z) shares fell more than 8% after-hours despite the company’s reported Q2 results, with revenue of $1 billion coming in better than the consensus estimate of $984.81 million.

Revenue for the Internet, Media & Technology (IMT) segment was $475 million, flat year-over-year, and within the company’s outlook range of $472 million to $492 million. Premier Agent revenue was $333 million, down 5% year-over-year, impacted by macro housing market factors, including interest rate and home price increases, as well as tight inventory levels. Rentals revenue was $71 million, down 3% year-over-year.

Homes segment revenue was $505 million, exceeding the company’s outlook as the wind-down of iBuying operations continued to progress faster than anticipated.

Mortgages segment revenue was $29 million, slightly below the low end of the company’s outlook range, as rising interest rates impacted demand more than expected.

"Zillow stands on solid ground and is well-positioned for long-term growth, with a healthy balance sheet, positive operating cash flow, and a trusted household brand," said Zillow Group (NASDAQ:ZG) CEO and co-founder Rich Barton. "Despite the challenges of the macroeconomic environment, we're making strides in key growth areas — including financing, touring and seller solutions — that get us closer to our vision of an integrated digital experience to help customers with all their real estate needs in our 'housing super app.'"

The company provided its Q3 guidance, expecting revenue to be $446 million at the midpoint.

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10-08-2022 20:36:49 (UTC+7)

EUR/USD

1.0314

+0.0103 (+1.01%)

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1.0314

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133.07

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0.7044

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 EUR/USD1.0314↑ Sell
 GBP/USD1.2203↑ Sell
 USD/JPY133.07Sell
 AUD/USD0.7044Sell
 USD/CAD1.2840↑ Buy
 EUR/JPY137.26↑ Sell
 EUR/CHF0.9724↑ Sell
 Gold1,808.90↑ Sell
 Silver20.515↑ Sell
 Copper3.6338↑ Sell
 Crude Oil WTI89.66↑ Sell
 Brent Oil95.51↑ Sell
 Natural Gas7.816↑ Sell
 US Coffee C219.20Neutral
 Euro Stoxx 503,744.05↑ Sell
 S&P 5004,185.90↑ Buy
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 FTSE 1007,500.99↑ Sell
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 Small Cap 20001,943.65↑ Buy
 IBEX 358,351.25↑ Buy
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 Bayer51.93↑ Sell
 Allianz179.14Neutral
 Adidas171.87↑ Buy
 Lufthansa6.621↑ Buy
 Siemens AG108.50↑ Buy
 Deutsche Bank AG8.788↑ Buy
Mua/Bán 1 chỉ SJC
# So hôm qua # Chênh TG
SJC Eximbank6,600/ 6,700
(-20/ -20) # 1,624
SJC HCM6,600/ 6,700
(-20/ -20) # 1,624
SJC Hanoi6,600/ 6,702
(-20/ -20) # 1,626
SJC Danang6,600/ 6,702
(-20/ -20) # 1,626
SJC Nhatrang6,600/ 6,702
(-20/ -20) # 1,626
SJC Cantho6,600/ 6,702
(-20/ -20) # 1,626
Cập nhật 10-08-2022 20:36:51
Xem lịch sử giá vàng SJC: nhấn đây!
ↀ Giá vàng thế giới
$1,795.50+1.330.07%
Live 24 hour Gold Chart
ʘ Giá bán lẻ xăng dầu
Sản phẩmVùng 1Vùng 2
RON 95-V26.28026.800
RON 95-III25.60026.110
E5 RON 92-II24.62025.110
DO 0.05S23.90024.370
DO 0,001S-V25.88026.390
Dầu hỏa 2-K24.53025.020
ↂ Giá dầu thô thế giới
WTI$89.28+0.550.61%
Brent$95.05+0.720.75%
$ Tỷ giá Vietcombank
Ngoại tệMua vàoBán ra
USD23.220,0023.530,00
EUR23.251,8824.554,01
GBP27.508,9128.682,08
JPY168,20178,07
KRW15,4618,84
Cập nhật lúc 18:51:10 10/08/2022
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