Research analysts covering Z.
Recent press releases and 8-K filings for Z.
Zillow Group Discusses Growth Strategy, Financial Outlook, and New Initiatives at Barclays Conference
Z
Guidance Update
Product Launch
Revenue Acceleration/Inflection
- Zillow Group is executing a "Housing Super App" strategy to shift from an advertising marketplace to actively helping buyers, renters, and sellers transact through integrated software for both consumers and professionals.
- The company anticipates achieving mid-teens revenue growth and expanding margins in 2025, reaching net income profits, and expects similar growth in 2026. Zillow has outgrown the housing category by 20% over the last eight quarters.
- Key growth drivers include the rentals business, which is the largest rentals marketplace with 2.5 million listings and accelerating revenue growth, and the upcoming launch of Zillow Pro in early 2026, a new software platform for agents.
- Zillow maintains mid-cycle targets of $5 billion in revenue and a 45% EBITDA margin in a normalized housing market, with a significant portion of this growth expected from internal initiatives, independent of macro recovery.
Dec 11, 2025, 7:35 PM
Zillow Group CEO Outlines Growth Strategy and Mid-Cycle Targets
Z
Revenue Acceleration/Inflection
New Projects/Investments
Guidance Update
- Zillow Group is executing its "Housing Super App" strategy, aiming to transition from an advertising marketplace to a platform facilitating transactions for buyers, renters, and sellers.
- The company projects mid-teens revenue growth and expanding margins in 2025, with a target of achieving net income profitability. Key growth drivers include expanding its enhanced market experience for for-sale customers from 34% to 75% adoption and continued strong performance in its rentals business, which boasts 2.5 million listings.
- Zillow has established mid-cycle targets of $5 billion in revenue and a 45% EBITDA margin, with significant contributions expected from organic growth initiatives, including $1 billion from enhanced for-sale markets and $500 million from rentals, largely independent of macro housing market recovery.
- The upcoming nationwide launch of Zillow Pro in early 2026 will introduce a subscription-based software platform for agents, serving as an additional growth lever by providing tools for all agents and acting as a proving ground for future Premier agents.
- Zillow is leveraging AI for product innovation, enhancing consumer features like Sky Tour and virtual staging, and improving professional tools such as Smart Messages in the Follow Up Boss CRM to boost efficiency for both customers and agents.
Dec 11, 2025, 7:35 PM
Zillow Group Outlines Growth Strategy and Mid-Cycle Targets
Z
Revenue Acceleration/Inflection
Product Launch
New Projects/Investments
- Zillow Group is executing its "Housing Super App" strategy, shifting from an advertising marketplace to actively helping buyers, renters, and sellers transact, aiming to increase its single-digit transaction share.
- The company expects to achieve mid-teens revenue growth and margin expansion in 2025, targeting net income profits, and has outgrown the flat housing market by 20% over the last eight quarters.
- Key growth drivers include expanding its enhanced market experience to 75% of customers, continued strong growth in its rentals business, and the nationwide launch of Zillow Pro for agents in early 2026.
- Zillow maintains a mid-cycle target of $5 billion in revenue and a 45% EBITDA margin, with significant organic growth levers (including $1 billion from enhanced markets and $500 million from rentals) that are independent of a housing market recovery.
- AI is being leveraged for both consumer-facing features (e.g., Sky Tour, virtual staging) and professional tools (e.g., Smart Messages in CRM) to enhance efficiency and conversion across the platform.
Dec 11, 2025, 7:35 PM
Zillow Reports Strong Q3 2025 Performance and Outlines 2026 Growth Strategy
Z
Revenue Acceleration/Inflection
New Projects/Investments
Share Buyback
- Zillow reported strong Q3 2025 financial results, with total revenue growing 16% year over year, rentals revenue increasing 41%, and margins expanding by 200 basis points. The company also produced $295 million of cash year to date.
- The company expects continued growth in 2026, projecting mid-teens revenue growth and margin expansion through strategic initiatives like enhanced market expansion, Zillow Home Loans, Follow Up Boss, and the rentals business, while maintaining a disciplined fixed cost base.
- Zillow has made significant progress in its strategic initiatives, with enhanced markets reaching 34% of connections in Q3 (targeting 75%-plus midterm) and Zillow Home Loans purchase originations rising 57% year over year. The rentals business, which grew 41% in Q3, expects 40%-plus growth for all of 2025.
- Zillow retired all convertible debt in May 2025 and repurchased $438 million in shares year to date, aiming to offset dilution and maintain over $1 billion in net cash for opportunistic growth.
- The company actively integrates AI, including a partnership with OpenAI/ChatGPT, to enhance consumer and agent experiences and improve internal efficiency, viewing AI as an opportunity rather than a disruptive threat.
Dec 2, 2025, 4:35 PM
Zillow CFO Discusses Q3 2025 Performance, Housing Super App Strategy, and 2026 Outlook
Z
Revenue Acceleration/Inflection
New Projects/Investments
Guidance Update
- Zillow reported strong Q3 2025 financial results, with total revenue growing 16% year-over-year and margins expanding by 200 basis points, despite a challenging housing market.
- The company's rentals business is a key growth driver, with revenue accelerating to 41% growth in Q3 2025 and expected 40%-plus growth for the full year 2025.
- Zillow is expanding its "Housing Super App" strategy, leveraging enhanced markets (34% of connections in Q3 2025, targeting 75%+ midterm) and Zillow Home Loans, which saw purchase originations rise 57% year-over-year.
- For 2026, Zillow anticipates a similar financial formula, projecting mid-teens revenue growth and continued margin expansion, driven by the ongoing expansion of its core products and a disciplined fixed cost base.
- The company views AI as a significant opportunity, integrating it into products like Follow Up Boss to enhance agent productivity and collaborating with platforms like ChatGPT to expand customer reach.
Dec 2, 2025, 4:35 PM
Zillow CFO Discusses Strong Q3 Performance, 2026 Outlook, and Strategic Growth Initiatives
Z
Revenue Acceleration/Inflection
Guidance Update
Share Buyback
- Zillow reported strong Q3 financial results despite a challenging housing market, with total revenue growing 16% year over year and margins expanding by 200 basis points. Rentals revenue accelerated to 41% growth in Q3, and the company expects 40%+ growth for all of 2025.
- The company's growth is driven by its Housing Super App strategy, including the expansion of enhanced markets (34% of connections in Q3, targeting 75%+ midterm) and Zillow Home Loans, which saw purchase originations rise 57% year over year.
- Zillow introduced Zillow Pro, leveraging the acquired Follow Up Boss CRM, to provide tools for agents to manage all customers, including those outside Zillow, and is integrating AI to enhance agent productivity.
- For 2026, Zillow anticipates continued mid-teens revenue growth and margin expansion, maintaining cost discipline on its fixed cost base, and sees a potential $1.3 billion incremental revenue if the housing macro recovers.
- The company generated $295 million in free cash flow year to date, retired its convertible debt in May 2025, and repurchased $438 million in shares year to date to offset dilution, aiming to maintain over $1 billion in net cash.
Dec 2, 2025, 4:35 PM
Zillow Reports Strong Q3 2025 Results and Provides Q4 Outlook
Z
Earnings
Guidance Update
Product Launch
- Zillow delivered strong financial results in Q3 2025, with total revenue increasing 16% year-over-year to $676 million and achieving positive GAAP net income of $10 million.
- The company reported EBITDA of $165 million, with its EBITDA margin expanding by more than 200 basis points year-over-year to 24%.
- Segment performance was robust, with rentals revenue growing 41% year-over-year to $174 million and for-sale revenue increasing 10% to $488 million.
- For Q4 2025, Zillow anticipates total revenue to be between $645 million and $655 million, and EBITDA to range from $145 million to $155 million.
- Key strategic initiatives include the launch of the Zillow app in ChatGPT and the continued expansion of Zillow Showcase, which is now on 3.2% of all new listings. The company also plans to beta test its new Zillow Pro offering in the first half of 2026.
Oct 30, 2025, 9:00 PM
Quarterly earnings call transcripts for Z.
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