Zillow Group sees Q2 revenue $635M-$650M, consensus $648.66M

Sees Q2 adjusted EBITDA of $140M-$155M. Zillow said: “We expect Q2 For Sale revenue growth to be in the mid-single digits year over year, driven by Residential revenue growth in the mid-single digits and Mortgages revenue growth of approximately 30%. In Rentals, we expect revenue to grow by more than 35% year over year in Q2 as we benefit from our execution on building our two-sided marketplace and from the Redfin rentals partnership that went live in April. We expect our multifamily rentals revenue to grow faster than our overall Rentals revenue as we see the benefits of continued property growth. Our outlook implies Q2 Adjusted EBITDA expenses will be $495 million, with more than half of the increase from Q1 2025 expected to be driven by normal seasonal marketing. The remainder of the increase is expected to be driven by incremental lead costs associated with our Redfin rentals partnership.”