“Desire for home is resilient:” Zillow’s revenue pops as home sales pick up

Thanks to an uptick in home buying, Zillow beat its own doomsday predictions for the second quarter. The Seattle-based listings giant said revenue grew 28 percent to $768 million, as home buyers shopped online and the company saw increased sales of Zillow-owned homes. Its iBuying platform Zillow Offers saw an even bigger revenue spike, 82 percent, to $454.3 million. Ahead of its earnings report Thursday, Zillow had projected second-quarter revenue between $577 million and $620

source https://therealdeal.com/2020/08/06/desire-for-home-is-resilient-zillows-revenue-pops-as-home-sales-pick-up/