Updated
Updated · Bloomberg · May 6Zillow shares drop 8% after weak second-quarter profit forecast
8 articles · Updated · Bloomberg · May 6
- In post-market trading, the company projected second-quarter adjusted EBITDA of $150 million to $165 million, below analysts' $191 million estimate.
- Zillow forecast revenue of $750 million to $765 million, with the midpoint slightly under Wall Street expectations of $761.1 million.
- The weaker outlook overshadowed otherwise upbeat first-quarter results at the online real estate marketplace, driving the after-hours sell-off.
Is Zillow’s poor forecast a sign of company weakness or a warning for the 2026 housing market recovery? Amid legal battles and a grim forecast, is Zillow's stock a hidden bargain or a ticking time bomb for investors? As lawsuits question its business model, can Zillow maintain market dominance against more transparent competitors?