Zillow sees Q3 revenue $663M-$673M, consensus $666.2M

The company said, “We expect Q3 For Sale revenue growth to be similar to the For Sale revenue growth reported in Q2, with Residential revenue growth in the mid-single-digit range and Mortgages revenue growth in the high 20% range. We expect Zillow (Z) Home Loans purchase loan origination volume to grow more than 40% in Q3. In Rentals, we expect revenue growth to accelerate, increasing more than 40% year over year in Q3, driven by further acceleration in multifamily revenue. Our outlook implies Q3 Adjusted EBITDA expenses are expected to be $513 million. The increase from Q2 2025 is expected to be primarily driven by lead costs associated with our Redfin rentals partnership.”