Zillow Q1 revenue up 18%, net income grows on AI integration

Zillow

06/05/2026 21:31

Overview

US real estate platform's Q1 revenue rose 18% yr/yr to $708 mln

Adjusted EPS for Q1 increased to $0.53 from $0.41 a year ago

Company repurchased 13.5 mln shares for $626 mln in Q1

Outlook

Company did not provide specific guidance in the press release

Result Drivers

MORTGAGES GROWTH - Mortgages revenue rose 56% yr/yr, driven by a 96% increase in purchase loan origination volume

RENTALS MOMENTUM - Rentals revenue increased 42% yr/yr, primarily from multifamily revenue growth

PRODUCT INNOVATION - Co cited embedding AI throughout the real estate experience and platform integration as supporting results, per CEO Jeremy Wacksman

Company press release: ID:nPn4Lv1Fsa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
$708 mln
Q1 Adjusted EPS
$0.53
Q1 Net Income
$46 mln
Q1 Adjusted EBITDA
$182 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 16 "strong buy" or "buy", 13 "hold" and no "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 $75.00, about 70.9% above its May 5 closing price of $43.88

The stock recently traded at 18 times the next 12-month earnings vs. a P/E of 29 three months ago

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