Zillow's Revenue Jumps as Rentals Offer 'Bright Spot'
Zillow Group reported an 18% year-over-year revenue increase to $772 million in the second quarter, driven largely by growth in its rental business. The company is experiencing faster expansion in rental agreements compared to home purchase transactions on its platform. This rental segment is emerging as a key growth driver for the online real estate company.
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Zillow’s Revenue Jumps as Rentals Offer ‘Bright Spot’
Zillow Group reported an 18% year-over-year revenue increase to $772 million in the second quarter, driven largely by growth in its rental business. The company is experiencing faster expansion in rental agreements compared to home purchase transactions on its platform. This rental segment is emerging as a key growth driver for the online real estate company.
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