02:04 PM EDT, 08/08/2024 (MT Newswires) -- (Updates with stock price movement in the headline and first paragraph.)

Zillow Group's ( ZG ) shares were up more than 18% in recent trading Thursday, a day after it posted a smaller Q2 loss and higher revenue.

The company reported a Q2 net loss late Wednesday of $0.07 per diluted share, narrowing from a loss of $0.15 a year earlier.

Analysts surveyed by Capital IQ expected a loss of $0.19.

Revenue in the quarter ended June 30 rose to $572 million from $506 million a year earlier.

Analysts surveyed by Capital IQ expected $538.2 million.

The company expects Q3 revenue of $545 million to $560 million. Analysts expect $552.8 million.

Zillow ( ZG ) promoted Jeremy Wacksman to chief executive officer from chief operating officer, succeeding co-founder Rich Barton.

Barton remains on the board and serves as co-executive chair.

Price: 49.55, Change: +7.78, Percent Change: +18.61