Zillow Tops Estimates as U.S. Real Estate Market Fuels Results

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(Bloomberg) — Zillow Group Inc. posted better-than-expected results for the second quarter, with the company’s websites and apps drawing a flood of prospective homebuyers in the hot U.S. housing market.

  • The company had adjusted earnings before interest, taxes, depreciation and amortization of $183 million, according to a statement Thursday. That beat the average analyst estimate of $133 million.

Key Insights

  • Zillow has been riding the U.S….

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