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Zillow Group's Financial Results for Q2 2025

On August 6, 2025, Zillow Group, Inc. (NASDAQ: Z and ZG) released its consolidated financial statements for the second quarter ending June 30, 2025. This report marks a pivotal moment for the company, illustrating how its innovative strategies are reshaping the real estate landscape.

Zillow's Chief Executive Officer, Jeremy Wacksman, emphasized the company’s focus on fostering a superior real estate experience. He claimed, "Q2 results reveal the potency of our strategy, driving robust growth across the business. Our commitment to innovation empowers consumers with confidence and equips real estate professionals with essential tools to succeed."

Key Financial Highlights

Zillow's second-quarter performance exceeded company expectations, revealing positive trends in various sectors:

• - Revenue Growth: The total revenue for Q2 surged by 15% year-over-year, reaching $655 million, significantly surpassing the anticipated range. This growth outperformed the residential real estate sector’s modest 2% total transaction value growth, highlighting Zillow's competitive edge.

• - Segment Performance:

- For Sale Revenue: Up 9% year-over-year to $482 million.
- Residential Revenue: Increased by 6% to $434 million, driven by the company's expanding agent and software services.
- Mortgages Revenue: Grew by 41% to $48 million, attributed to a 48% increase in purchase loan origination volume.
- Rentals Revenue: Witnessed a remarkable 36% rise to $159 million, mainly from a 56% increase in multifamily revenue.

• - Earnings Metrics: Although Zillow reported a net income of $2 million with a 0% net income margin, the company's Adjusted EBITDA soared to $155 million, indicating a margin of 24%. This reflects effective cost management and an acceleration in revenue growth.

User Engagement

The traffic to Zillow Group's platforms showed promising positive engagement:

• - Monthly unique users on their mobile apps and sites increased by 5% year-over-year to 243 million.
• - Total visits during the quarter rose to 2.6 billion, marking a 4% year-over-year increase.

Financial Outlook

Zillow Group is expanding its shareholder engagement with the enhancement of Investor Relations, making their financial insights more accessible. Interested parties can find more information, including the second-quarter results and future projections, on their investor relations website.

Zillow plans to host a live conference call today at 2 PM PT to discuss these results further, which illustrates their ongoing commitment to transparency with stakeholders.

Conclusion

Zillow Group's performance in the second quarter of 2025 showcases robust growth and operational efficiency, distinguishing it as a key player in the evolving real estate market. With strategic innovations and a focus on consumer needs, the company appears well-positioned to sustain momentum throughout the upcoming quarters. This upward trajectory not only signals success for Zillow but also infers positive implications for the broader residential real estate industry as it navigates the complexities of the current economic landscape.

For further details and future updates, please visit Zillow’s official channels and their Investor Relations page.