05:07 PM EDT, 08/07/2024 (MT Newswires) -- Zillow Group ( ZG ) 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.

Shares of the company rose 10% in recent after-hours activity.

Price: 46.00, Change: +4.23, Percent Change: +10.13