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Zillow revenue climbs 18% but layoff costs push company to a loss, amid executive changes
Zillow Group's second-quarter revenue rose 18% to $772 million, but a $36 million restructuring charge from this week's layoffs pushed the company to a $4 million net loss.
Summary
Zillow Group's second-quarter revenue rose 18% to $772 million, but a $36 million restructuring charge from this week's layoffs pushed the company to a $4 million net loss. Zillow also expanded CFO Jeremy Hofmann's role to include chief operating officer and hired a Google litigation executive as its first chief legal and policy officer.
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