Zillow swung to a second-quarter loss as restructuring costs weighed on the bottom line despite higher revenue.
The company posted a loss of $4 million, or 2 cents a share, compared with a profit of $2 million, or 1 cent a share, the year prior.
Zillow reported $36 million in restructuring costs in the quarter.
Adjusted earnings were 52 cents a share. Analysts polled by FactSet expected 45 cents a share.
Revenue rose 18% to $772 million, driven in part by 31% growth in rentals revenue and a 75% increase in mortgage revenue. Wall Street expected $758.2 million.
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