Zillow Shares Surge Following CEO Change and Strong Q2 Results

Jeremy Wacksman takes over as CEO while Zillow reports significant revenue growth and reduced losses.

Zillow's Q2 revenue rose 13% to $572 million, beating analyst expectations.
The company reported a net loss of $17 million, an improvement from last year's $35 million loss.
Residential revenue increased by 8%, with notable growth in rentals and mortgages.
Zillow's mobile platforms maintained high user engagement with 231 million monthly unique users.
Co-founder Rich Barton transitions to co-executive chair alongside Lloyd Frink.