Zillow hikes full-year guidance; Premier Agent ARPU keeps rising

|About: Zillow Group, Inc. (Z)|By:, SA News Editor

Zillow (NASDAQ:Z) expects Q3 revenue of $87M-$88M and full-year revenue of $321M-$323M, above consensus estimates of $82.6M and $310.8M. Full-year adjusted EBITDA guidance has been hiked by $4M to $52M-$54M.

The figures don't assume any revenue from the Trulia (NYSE:TRLA) merger, which is expected to close in 2015.

Q2 Marketplace revenue +72% Y/Y to $78.7M, an even growth rate with Q1. Within the segment, real estate revenue rose 83% to $56.1M, and mortgages revenue 13% to $6.6M.

Display (ad) revenue +53% Y/Y to $16.1M, after growing 62% in Q1.

Premier Agent subs rose by 3,850 Q/Q to 56.8K; 4,654 were added in Q1. ARPU rose to $320 from $286 in Q1 and $266 a year ago. Monthly unique users rose 49% to 81.1M, and mobile visits nearly doubled.

With marketing and R&D spend remaining aggressive, GAAP costs/expenses rose 56% Y/Y to $89.4M. Sales/marketing spend made up $48.1M of the total.

Zillow is nearly unchanged AH. Trulia is up 1.1%.

Q2 results, PR