Zillow Group Inc. reported its second-quarter financial results, which surpassed the company's outlook for revenue and achieved Adjusted EBITDA at the high end of its projected range. The company recorded a 15% increase in Q2 revenue year-over-year, reaching $655 million, outperforming the residential real estate industry's growth. The For Sale revenue grew by 9% year-over-year to $482 million during the same period. Zillow's Adjusted EBITDA for the second quarter was reported at $155 million, with an Adjusted EBITDA margin of 24%, attributed to stronger-than-expected revenue growth and effective cost management. The company's cash and investments decreased from $1.6 billion at the end of Q1 to $1.2 billion at the end of Q2, largely due to the settlement of convertible notes and share repurchases. Traffic to Zillow Group's mobile apps and sites increased by 5% year-over-year, with 243 million average monthly unique users, and visits rose by 4% to 2.6 billion during Q2. CEO Jeremy Wacksman highlighted the company's focus on innovation to enhance the real estate experience for consumers and professionals alike.