Z Company Report

Analyst Earnings Quarterly Reports

Earnings summaries and quarterly performance for Z.

Executive leadership at Z.

Board of directors at Z.

Research analysts covering Z.

Recent press releases and 8-K filings for Z.

Zillow Reports Strong Q3 2025 Performance and Outlines 2026 Growth Strategy

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.

3 days ago

Zillow CFO Discusses Q3 2025 Performance, Housing Super App Strategy, and 2026 Outlook

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.

3 days ago

Zillow CFO Discusses Strong Q3 Performance, 2026 Outlook, and Strategic Growth Initiatives

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.

3 days ago

Zillow Reports Strong Q3 2025 Results and Provides Q4 Outlook

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.