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ZILLOW GROUP Contacts : Brad Berning Investor Relations ir@zillowgroup.com Chrissy Roebuck Public Relations press@zillow.com Zillow Group Reports Second - Quarter 2021 Financial Results SEATTLE - August 5 , 2021 - Zillow Group , Inc. ( NASDAQ : Z and ZG ) , which is transforming the way people buy , sell , rent and finance homes , today announced its consolidated financial results for the three months ended June 30 , 2021 . Complete financial results for the second quarter and outlook for the third quarter of 2021 can be found in the company's shareholder letter in the Investor Relations section of Zillow Group's website at https://investors.zillowgroup.com/investors/ financials / quarterly - results / default.aspx . " Zillow is making rapid and significant progress toward building a seamless , integrated real estate experience for our customers and partners . Our strong second - quarter results show how well we're executing on the three- to five - year growth objectives we announced in 2019 , " said Zillow Group co - founder and CEO Rich Barton . “ Of particular note , our iBuying business , Zillow Offers , continues to accelerate as we offer more customers a fast , fair , flexible and convenient way to move . Zillow Offers is proving attractive to sellers even in this sizzling - hot seller's market . Finally , we expect millennial - buyers , low interest rates , and the increasing adoption of location - flexible work policies , to fuel interest in moving for many years to come . And these movers will increasingly demand e - commerce - like solutions where Zillow excels . " Recent highlights include : • • • Consolidated second - quarter revenue of $ 1.3 billion and revenue for the IMT and Homes segments exceeded the high end of the company's second - quarter outlook . Consolidated second - quarter gross profit was $ 538 million , up 92 % year over year . Consolidated net income was $ 10 million for the second quarter . Segment income ( loss ) before income taxes was $ 134 million , $ ( 59 ) million and $ ( 18 ) million for the IMT , Homes and Mortgages segments , respectively , for the second quarter . Second - quarter Adjusted EBITDA of $ 183 million and Adjusted EBITDA for the IMT and Homes segments exceeded the high end of the company's second - quarter outlook . Adjusted EBITDA by segment was $ 218 million , $ ( 29 ) million and $ ( 6 ) million for the IMT , Homes and Mortgages segments , respectively , for the second quarter . Traffic to Zillow Group's mobile apps and websites in the second quarter reached 229 million average monthly unique users , an increase of 5 % year over year , driving 2.8 billion visits during the quarter , up 10 % year over year . • The company ended the second quarter of 2021 with cash and investments of $ 4.6 billion .