Zillow Group, Inc. (NASDAQ:Z) Q2 2023 Earnings Conference Call August 2, 2023 5:00 PM ET

Company Participants

Bradley Berning - Vice President of Investor Relations

Richard Barton - Co-Founder, Chief Executive Officer & Director

Jeremy Hofmann - Chief Financial Officer

Jeremy Wacksman - Chief Operating Officer

Conference Call Participants

Bradley Erickson - RBC Capital Markets

Ronald Josey - Citigroup

Mark Mahaney - Evercore ISI

Ryan McKeveny - Zelman & Associates

Thomas White - D.A. Davidson & Co.

John Campbell - Stephens Inc.

Brian Fitzgerald - Wells Fargo

Dae Lee - JPMorgan

Operator

Good afternoon. My name is Elliot and I will be your conference operator today. At this time, I would like to welcome everyone to the Zillow Group's Second Quarter 2023 Conference Call. [Operator Instructions] Please note this event is being recorded.

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

Bradley Berning

Thank you. Good afternoon and welcome to Zillow Group's second quarter 2023 conference call. Joining me today to discuss our results are Zillow Group's Co-Founder and CEO, Rich Barton; CFO, Jeremy Hofmann; and COO, Jeremy Wacksman.

During today's call, we'll make forward-looking statements about our future performance and operating plans and the housing market 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 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. We will now open the call with remarks followed by live Q&A.

And with that, I will turn the call now over to Rich.

Richard Barton

Thank you, Brad and thank you, Elliot. Good afternoon, everyone. Thanks for dialing in today. We're excited to share our second quarter results and speak to the progress we've made on our growth strategy since we last spoke in May.