Brief: Zillow Q2 Revenue USD 655 Million

Zillow

06/08/2025 21:05

Overview

Zillow Q2 revenue grows 15% yr/yr, exceeding company outlook

Adjusted EBITDA at $155 mln, driven by revenue growth and cost management

Mortgages revenue up 41% yr/yr, driven by 48% rise in loan origination

Result Drivers

MORTGAGES GROWTH - Mortgages revenue increased 41% yr/yr to $48 mln, driven by a 48% rise in purchase loan origination volume

RENTALS REVENUE - Rentals revenue rose 36% yr/yr to $159 mln, primarily due to 56% growth in multifamily revenue

FOR SALE REVENUE - For Sale revenue grew 9% yr/yr to $482 mln, with improvements in agent and software offerings and New Construction marketplace

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
$655 mln
Q2 Net Income
$2 mln
Q2 Adjusted EBITDA
$155 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 14 "strong buy" or "buy", 12 "hold" and 1 "sell" or "strong sell"

The average consensus recommendation for the real estate services peer group is "buy"

Wall Street's median 12-month price target for Zillow Group Inc is $81.00, about 2.2% above its August 5 closing price of $79.25

The stock recently traded at 42 times the next 12-month earnings vs. a P/E of 36 three months ago

Press Release: ID:nPn8FfkxDa

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)