Zillow Group, Inc. (Z) CEO Rich Barton on Q2 2022 Results - Earnings Call Transcript

Aug. 04, 2022 11:40 PM ETZillow Group, Inc. (Z), ZG
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Zillow Group, Inc. (NASDAQ:Z) Q2 2022 Earnings Conference Call August 4, 2022 5:00 PM ET

Company Participants

Brad Berning - Vice President of Investor Relations

Rich Barton - Co-Founder & Chief Executive Officer

Allen Parker - Chief Financial Officer

Conference Call Participants

Ryan McKeveny - Zelman

John Colantuoni - Jefferies

Jay McCanless - Wedbush


Good afternoon. My name is Sam and I will be your conference operator today. At this time, I would like to welcome everyone to the Zillow Group Second Quarter 2022 Conference Call. [Operator Instructions] Please note, this event is being recorded.

I would now like to turn the conference over to Brad Berning, Vice President, Investor Relations and Strategy. Please go ahead.

Brad Berning

Thank you, Sam. Good afternoon and welcome to Zillow Group's second quarter 2022 conference call. Joining me today to discuss our results are Zillow Group's Co-Founder and CEO, Rich Barton; and CFO, Allen Parker.

During today's call, we'll make forward-looking statements about our future performance and operating plans based on current expectations and assumptions. These statements are subject to risks and uncertainties and we encourage you to consider the risk factors described in our SEC filings for additional information. We undertake no obligation to update these statements as a result of new information or future events, except as required by law. This call is being broadcast on the Internet and is accessible on our Investor Relations website. Recording the call will be available later today. During the call, we will discuss GAAP and non-GAAP measures, including adjusted EBITDA which we will refer to as EBITDA. We encourage you to read our shareholder letter and our earnings release which can be found on our Investor Relations website, as they contain important information about our GAAP and non-GAAP results, including reconciliations of historical non-GAAP financial measures. In addition, please note, we will refer to our Internet, Media & Technology segment as

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