Zillow Q2 Residential Revenue Down 3% YoY, Rentals Revenue Up 28%, Down 17%
Portfolio Pulse from Benzinga Newsdesk
Zillow's Q2 residential revenue has decreased by 3% YoY, while its rentals revenue has increased by 28%, but is down 17% sequentially.
August 04, 2023 | 12:07 pm
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NEUTRAL IMPACT
Zillow's Q2 results show a mixed performance with a decrease in residential revenue and an increase in rentals revenue, but a sequential decrease.
Zillow's Q2 results show a mixed performance. While the YoY decrease in residential revenue is a negative sign, the increase in rentals revenue is positive. However, the sequential decrease in rentals revenue could be a concern for investors. This mixed performance makes it difficult to predict the short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Zillow's Q2 results show a mixed performance with a decrease in residential revenue and an increase in rentals revenue, but a sequential decrease.
Zillow's Q2 results show a mixed performance. While the YoY decrease in residential revenue is a negative sign, the increase in rentals revenue is positive. However, the sequential decrease in rentals revenue could be a concern for investors. This mixed performance makes it difficult to predict the short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100