Real estate platform Zillow Q3 revenue jumps on mortgages growth

Zillow

30/10/2025 20:31

Overview

Zillow Q3 revenue grows 16% yr/yr, exceeding company's outlook

Adjusted EBITDA for Q3 rises to $165 mln, surpassing company's expectations

Net income for Q3 reaches $10 mln, reversing last year's loss

Outlook

Company did not provide specific guidance in the press release

Result Drivers

MORTGAGES GROWTH - Mortgages revenue rose 36% yr/yr, driven by a 57% increase in purchase loan origination volume

RENTALS REVENUE - Rentals revenue surged 41% yr/yr, with multifamily revenue growing 62%

COST MANAGEMENT - Improved adjusted EBITDA margin due to effective cost management and better-than-expected revenue growth

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
$676 mln
Q3 Adjusted EPS
$0.44
Q3 Net Income
$10 mln
Q3 Adjusted EBITDA
$165 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 17 "strong buy" or "buy", 11 "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 $91.00, about 24.3% above its October 29 closing price of $68.87

Press Release: ID:nPn1SJJJXa

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.

(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.)