Zillow Group's Q2 2025 earnings call presented a strong financial performance with notable revenue growth across segments, particularly in Rentals and For Sale categories. The company continues to innovate with product developments and maintains a positive financial position. However, challenges persist in the broader housing market and with managing variable expenses.

Company Guidance -

Q3 2025

During Zillow Group's second quarter financial results call, the company provided guidance highlighting its strong performance and future expectations. Zillow reported a 15% year-over-year increase in total revenue for Q2 2025, amounting to $655 million, surpassing its outlook range, and achieving an EBITDA of $155 million at the high end of its forecast. The company saw a 9% growth in For Sale revenue, with residential revenue up 6% and mortgages revenue increasing by 41%. Rentals revenue exhibited significant growth, up 36% year-over-year, driven by a 56% increase in multifamily revenue. Looking ahead, Zillow expects mid-teens revenue growth for the full year 2025, with continued margin expansion and positive net income. The company plans to accelerate its Rentals revenue growth to over 40% year-over-year in Q3, with a focus on expanding its multifamily properties and leveraging partnerships with Redfin and Realtor.com for greater market reach.

Strong Q2 Revenue Growth

Zillow reported a 15% year-over-year increase in total revenue for Q2 2025, exceeding expectations with a total of $655 million.

Significant Growth in Rentals Revenue

Rentals revenue accelerated to 36% year-over-year growth in Q2, with multifamily revenue up 56% and property count up 45% to 64,000.

For Sale Revenue Outperformance

For Sale revenue increased 9% year-over-year, outperforming the broader housing market's flat performance, with residential revenue up 6% and mortgages revenue up 41%.

Positive Financial Position

Zillow reported its second consecutive quarter of positive GAAP net income and ended Q2 with $1.2 billion in cash and investments.

Innovative Product Developments

Launched new tools like BuyAbility and Offer Insights, improving the shopping experience for buyers and productivity for agents.

Zillow Group Class A (DE:0ZG) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

DE:0ZG Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 29, 2025	2025 (Q3)	0.36 / -	0.332	―	―	―
Aug 06, 2025	2025 (Q2)	0.36 / 0.34	0.354	-3.38% (-0.01)	―
May 07, 2025	2025 (Q1)	0.31 / 0.35	0.308	13.89% (+0.04)	―
Feb 11, 2025	2024 (Q4)	0.23 / 0.23	0.171	35.00% (+0.06)
Nov 06, 2024	2024 (Q3)	0.24 / 0.33	0.301	10.51% (+0.03)	―
Aug 07, 2024	2024 (Q2)	0.21 / 0.35	0.333	6.15% (+0.02)	―
May 01, 2024	2024 (Q1)	0.26 / 0.31	0.299	2.86% (<+0.01)	―
Feb 13, 2024	2023 (Q4)	0.10 / 0.17	0.179	-4.76% (>-0.01)
Nov 01, 2023	2023 (Q3)	0.19 / 0.30	0.349	-13.94% (-0.05)	―
Aug 02, 2023	2023 (Q2)	0.16 / 0.33	0.397	-16.13% (-0.06)	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

DE:0ZG Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 06, 2025	€68.24	€69.72	+2.17%
May 07, 2025	€57.98	€55.82	-3.73%
Feb 11, 2025	€81.96	€74.98	-8.52%
Nov 06, 2024	€57.02	€59.34	+4.07%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.