Earnings summaries and quarterly performance for ZILLOW GROUP.
Executive leadership at ZILLOW GROUP.
JW
Jeremy Wacksman
Detailed
Chief Executive Officer
CEO
LF
Lloyd Frink
Detailed
Co-Executive Chairman and President
RB
Rich Barton
Detailed
Co-Executive Chairman
BO
Bradley Owens
General Counsel and Corporate Secretary
DS
Dan Spaulding
Chief People Officer
DB
David Beitel
Chief Technology Officer
ES
Errol Samuelson
Chief Industry Development Officer
JR
Jennifer Rock
Chief Accounting Officer
JH
Jeremy Hofmann
Chief Financial Officer
JC
Jun Choo
Chief Operating Officer
Board of directors at ZILLOW GROUP.
Research analysts who have asked questions during ZILLOW GROUP earnings calls.
Brad Erickson
RBC Capital Markets
7 questions for ZG
Also covers: ANGI, CARG, CVNA +9 more
Mark Mahaney
Evercore ISI
6 questions for ZG
Also covers: ABNB, AMZN, BKNG +23 more
John Colantuoni
Jefferies
5 questions for ZG
Also covers: ABNB, ACVA, BKNG +10 more
RM
Ryan McKeveny
Zelman & Associates
5 questions for ZG
Also covers: COMP, HOUS, RDFN +2 more
John Campbell
Stephens Inc.
4 questions for ZG
Also covers: CNNE, CSGP, DSGX +10 more
RJ
Ronald Josey
Citigroup Inc.
4 questions for ZG
Also covers: ABNB, ACVA, AMZN +18 more
Christopher Kuntarich
UBS
3 questions for ZG
Also covers: APP, COMP, DSP +6 more
NJ
Nicholas Jones
Citizens JMP
3 questions for ZG
Also covers: ACVA, ANGI, CARG +15 more
DL
Dae Lee
JPMorgan Chase & Co.
2 questions for ZG
Also covers: BKNG, COMP, EB +7 more
DK
Dan Kurnos
The Benchmark Company
2 questions for ZG
Also covers: ANGI, CNVS, DRCT +5 more
LW
Lloyd Walmsley
Mizuho
2 questions for ZG
Also covers: ABNB, BKNG, DASH +1 more
Mark Stephen Mahaney
Evercore ISI
2 questions for ZG
Also covers: BKNG, DUOL, ODD
MN
Michael Ng
Goldman Sachs
2 questions for ZG
Also covers: AAPL, ANET, AXON +25 more
NJ
Nick Jones
JMP Securities
2 questions for ZG
Also covers: IAC, SOND, TDC +1 more
Nikhil Devnani
Bernstein
2 questions for ZG
Also covers: CART, DASH, EBAY +3 more
RJ
Ron Josey
Citi
2 questions for ZG
Also covers: CVNA, LZ, META +5 more
TY
Trevor Young
Barclays
2 questions for ZG
Also covers: ABNB, ALV, BKNG +14 more
Thomas Champion
Piper Sandler
1 question for ZG
Also covers: ANGI, EBAY, EXPE +7 more
Recent press releases and 8-K filings for ZG.
Zillow Group Discusses 2025 Performance and 2026 Outlook at Bernstein Conference
ZG
Guidance Update
New Projects/Investments
Legal Proceedings
- Zillow Group achieved 16% business growth and 25% Adjusted EBITDA growth in 2025, becoming GAAP net income profitable for the full year and all four quarters, with its rentals business growing 39% and margins expanding by approximately 200 basis points.
- For 2026, the company projects mid-teens growth and similar margin expansion rates, with the rentals business expected to grow another 30%.
- Strategic initiatives include expanding the "housing super app" vision by integrating services like Zillow Home Loans, which grew 53% in 2025, and increasing connections through enhanced markets from 44% towards a goal of 75%+.
- The rentals segment, which reached $630 million at the end of 2025, aims for $1 billion+ by continuing to add buildings, currently at 72,000 out of an addressable market of 140,000.
- The company maintains strong cost discipline, keeping fixed costs flat with inflation and leveraging AI for product development, though it anticipates a 100 basis points drag to EBITDA in 2026 due to legal expenses related to a fast-tracked FTC matter concerning its rentals partnership.
1 day ago
Zillow Group Outlines 2025 Performance and 2026 Financial Outlook
ZG
Guidance Update
New Projects/Investments
Legal Proceedings
- Zillow Group reported 16% business growth and 25% Adjusted EBITDA growth for 2025, achieving GAAP net income profitability for the full year and all four quarters.
- For 2026, the company anticipates mid-teens growth and expects to expand margins at similar rates to the previous two years (approximately 200 basis points annually), with the Rentals business projected to grow around 30%.
- The company's strategy focuses on becoming a "housing super app" by deepening its involvement across the transaction funnel, with enhanced markets (currently 44% of connections, aiming for 75%+) and Zillow Home Loans integration being key drivers.
- Zillow expects a 100 basis points drag to EBITDA throughout 2026 due to legal expenses related to the fast-tracked FTC case concerning its Rentals business arrangement with Redfin.
- New product development, including Zillow Pro (currently in beta), is expanding the serviceable addressable market, though it is not expected to be a significant revenue contributor in 2026.
1 day ago
Zillow Group Reports Strong 2025 Performance and Outlines 2026 Growth Strategy
ZG
Guidance Update
Revenue Acceleration/Inflection
Legal Proceedings
- Zillow Group achieved significant financial growth in 2025, with the overall business growing 16% and Adjusted EBITDA increasing by 25%. The company was GAAP net income profitable for all four quarters and the full year, expanding margins by approximately 200 basis points.
- For 2026, Zillow anticipates continued mid-teens growth and similar margin expansion, though it expects a 100 basis points drag to EBITDA for the full year due to increased legal expenses related to a fast-tracked FTC trial concerning its rentals business.
- The rentals business is a key growth driver, having grown 39% in 2025 and projected to grow another 30% in 2026, with a clear path to exceeding $1 billion in revenue from $630 million at the end of 2025.
- Zillow is advancing its "housing super app" strategy, aiming for 75% plus of connections through enhanced markets, and is actively testing an agentic AI assistant designed to guide consumers through the entire real estate transaction process.
1 day ago
Zillow Reports Q4 2025 Profit and Revenue Growth
ZG
Earnings
Revenue Acceleration/Inflection
Legal Proceedings
- Zillow closed 2025 with stronger-than-expected results, reporting Q4 revenue up 18% to $654 million and achieving its first full-year net income since 2012 with $23 million for the year.
- The company's growth was primarily driven by Rentals (up ~45%) and Mortgages (up ~39%), with an aggressive forecast of roughly 30% Rentals revenue growth for 2026.
- Zillow ended 2025 with approximately $1.3 billion in cash and investments but faces active legal fights and its stock remains near its 52-week low.
Feb 10, 2026, 10:21 PM
Zillow Group Reports Strong Q4 and Full-Year 2025 Results, Provides 2026 Outlook
ZG
Earnings
Guidance Update
Share Buyback
- Zillow Group reported Q4 2025 total revenue of $654 million, an 18% year-over-year increase, and full-year 2025 total revenue of $2.6 billion, up 16% year-over-year, achieving full-year GAAP net income of $23 million.
- Rentals revenue grew 45% year-over-year in Q4 2025 to $168 million and 39% for the full year 2025 to $630 million, driven by 63% growth in multifamily revenue in Q4 and 58% for the full year.
- For Sale revenue increased 11% year-over-year in Q4 2025 to $475 million, with mortgages revenue up 39% in Q4 and 37% for the full year 2025.
- The company provided Q1 2026 revenue guidance of $700 million to $710 million (18% year-over-year increase at midpoint) and full-year 2026 mid-teens revenue growth, expecting 30% rentals revenue growth and continued EBITDA margin expansion despite elevated legal expenses.
- Zillow Group generated $420 million in free cash flow in 2025 and repurchased $670 million of shares during the year, reducing its outstanding share count by 2 million shares.
Feb 10, 2026, 10:00 PM
Zillow Group Reports Strong Q4 and Full-Year 2025 Results, Achieves Full-Year Profitability
ZG
Earnings
Guidance Update
Share Buyback
- Zillow Group achieved full-year GAAP net income of $23 million in 2025, marking an important milestone for the company.
- The company reported strong Q4 2025 results, with total revenue increasing 18% year-over-year to $654 million, contributing to 16% full-year revenue growth that outperformed the housing market's 3% growth.
- Growth was significantly driven by Rentals revenue, up 45% in Q4 and 39% for the full year 2025, and Mortgages revenue, which increased 39% in Q4 and 37% for the full year 2025.
- For Q1 2026, Zillow expects total revenue between $700 million and $710 million, and anticipates mid-teens revenue growth for the full year 2026, with continued EBITDA margin expansion despite an estimated 100 basis points margin headwind from elevated legal expenses.
- The company demonstrated active capital management by generating $420 million in free cash flow and repurchasing $670 million of shares in 2025.
Feb 10, 2026, 10:00 PM
Zillow Group Reports Strong Q4 and Full-Year 2025 Results, Provides 2026 Outlook
ZG
Earnings
Guidance Update
Share Buyback
- Zillow Group achieved full-year profitability in 2025 with $23 million in GAAP net income, alongside a 16% increase in total revenue for the year.
- For Q4 2025, total revenue grew 18% year-over-year to $654 million, with Rentals revenue accelerating 45% and Mortgages revenue increasing 39%.
- The company provided a positive outlook for Q1 2026, expecting total revenue between $700 million and $710 million (an 18% year-over-year increase at the midpoint), and anticipates mid-teens revenue growth for the full year 2026.
- Strategic initiatives like Enhanced Markets saw 44% of connections in Q4 2025, up from 21% a year prior, and the new Zillow Pro offering is in beta testing with a nationwide expansion planned for the second half of 2026.
- Zillow actively managed capital in 2025 by repurchasing $670 million of shares and retiring $419 million in convertible debt, while also generating $420 million in free cash flow.
Feb 10, 2026, 10:00 PM
Zillow Group Reports Strong Q4 and Full-Year 2025 Financial Results and Provides 2026 Outlook
ZG
Earnings
Share Buyback
Guidance Update
- Zillow Group reported Q4 2025 revenue of $654 million, an 18% year-over-year increase, and full-year 2025 revenue of $2.583 billion, up 16% year over year.
- The company achieved GAAP net income of $3 million in Q4 2025 and $23 million for the full year 2025.
- Adjusted EBITDA for Q4 2025 was $149 million, and for full-year 2025, it was $622 million.
- Zillow Group repurchased 3.4 million shares for $232 million in Q4 2025, contributing to $670 million in share repurchases for the full year 2025.
- For full-year 2026, the company expects mid-teens total revenue growth year over year and Adjusted EBITDA margin expansion.
Feb 10, 2026, 9:08 PM
Zillow's January Market Report
ZG
Demand Weakening
Guidance Update
- U.S. home values fell for the sixth consecutive month in January by 0.4% month-over-month, reaching a typical value of $358,968, though they are 0.2% higher than a year ago.
- Housing affordability is improving, with the monthly mortgage payment on a typical U.S. home now $1,733, which is 8.4% less expensive than a year ago due to lower mortgage rates.
- Active inventory increased 6% year-over-year to 1.11 million homes for sale in January, while sales decreased 4% year-over-year to 219,644 units.
- The typical rent nationwide is $1,895, representing a 2% increase year-over-year.
Feb 4, 2026, 1:00 PM
Zillow Analysis Reveals Impact of 2025 Los Angeles Wildfires on Housing Market
ZG
New Projects/Investments
Demand Weakening
- Zillow's analysis revealed that $46 billion in residential housing value, encompassing 19,605 homes with a median value of $1.95 million, was within the Palisades and Eaton fire perimeters as of December 2024.
- The January 2025 fires led to the destruction of more than 11,000 single-family homes and burned 40,000 acres.
- Post-fire, for-sale housing supply near the burn zones saw significant shifts, with new listings surging 194% in January 2025 compared to December 2024, and active inventory rising 50.4% between December 2024 and November 2025.
- While home values within 5 miles of the fire perimeters declined 1.7% from December 2024 to November 2025, median list rents in these areas increased 3.4% over the same period.
Dec 30, 2025, 1:03 PM
Quarterly earnings call transcripts for ZILLOW GROUP.
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