Zillow Q4 revenue rises on rentals and mortgages growth

Zillow

10/02/2026 21:13

Overview

Real estate platform's Q4 revenue rose 18% yr/yr, driven by rentals and mortgages growth

Adjusted EBITDA for Q4 increased, supported by revenue growth and cost management

Company repurchased 3.4 mln shares for $232 mln during Q4

Outlook

Company did not provide specific guidance for Q1 2026

Result Drivers

RENTALS GROWTH - Rentals revenue increased 45% year over year to $168 mln, driven by multifamily revenue growth of 63%

MORTGAGES REVENUE - Mortgages revenue rose 39% year over year to $57 mln, due to a 67% increase in purchase loan origination volume

RESIDENTIAL REVENUE - Residential revenue up 8% year over year to $418 mln, aided by growth in agent and software offerings and New Construction marketplace

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
$654 mln
Q4 Net Income
$3 mln
Q4 Adjusted EBITDA
$149 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 17 "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 $85.00, about 57.6% above its February 9 closing price of $53.94

The stock recently traded at 25 times the next 12-month earnings vs. a P/E of 35 three months ago

Press Release: ID:nPn1gbBrha

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(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.)