Zillow（Z）今日夜盘股价大跌8.39%，引发市场广泛关注。
消息面上，公司盘后发布了2026年第二季度财报。尽管调整后每股收益为0.52美元，超出市场预期的0.45美元，同比增长30%，但GAAP业绩由盈转亏，录得净亏损400万美元，毛利率从去年同期的75%下降至73%，经营现金流更是从8700万美元骤降至1100万美元。此外，公司确认了3600万美元的重组成本及1000万美元的FTC诉讼相关费用，进一步拖累了利润表现。
除财务数据承压外，公司在财报发布前一日宣布组织架构调整，裁员超过500人，这一战略收缩信号加剧了市场对其增长放缓的担忧。此前，UBS已将Zillow的目标价从75美元大幅下调至50美元，RBC也指出第三季度行业数据显示出减速趋势。公司流量数据同样不容乐观，月均独立用户数和季度访问量均同比下降2%。利润虽超预期，但营收缺口、大规模裁员以及行业放缓信号令市场情绪偏空，导致股价在夜盘出现大幅下挫。
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.