Zillow Group Inc Class C ( (Z) ) has released its Q1 earnings. Here is a breakdown of the information Zillow Group Inc Class C presented to its investors.
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Zillow Group, Inc. is a leading real estate technology company that offers digital solutions for buying, selling, renting, and financing homes, primarily operating in the United States.
In its first-quarter 2025 earnings report, Zillow Group announced a strong financial performance, surpassing its revenue and Adjusted EBITDA expectations. The company reported a 13% year-over-year increase in revenue, reaching $598 million, and a net income of $8 million.
Key highlights from the report include a significant 32% increase in mortgage revenue and a 33% rise in rentals revenue, driven by multifamily growth. The company’s Adjusted EBITDA stood at $153 million, representing 26% of revenue, while traffic to its mobile apps and sites increased by 5% year-over-year.
Looking ahead, Zillow Group’s management remains optimistic about achieving its full-year 2025 goals, focusing on expanding its services and scaling its housing super app to drive sustainable growth in revenue and profits.
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