Record-Breaking Revenue and Growth
Zillow Group reported Q1 2025 revenue of $598 million, up 13% year-over-year, exceeding their expectations and continuing the trend of double-digit revenue growth.
Strong Performance in Rentals Segment
Rentals revenue reached an all-time high of $129 million in Q1, up 33% year-over-year. Multifamily revenue grew 47%, and the number of multifamily properties on Zillow Rentals increased by 38% year-over-year.
GAAP Profitability Achieved
Zillow achieved GAAP profitability in Q1 2025 with a positive net income of $8 million and an EBITDA margin expansion by 200 basis points year-over-year to 26%.
Increased Adoption of Zillow Home Loans
Double-digit adoption of Zillow Home Loans across all Enhanced Markets was noted, with 70% of movers choosing financing through Zillow Home Loans also working with a Premier Agent partner.
Expansion of Enhanced Markets
The company expanded Enhanced Markets, with 24% of overall connections in Q1 happening in these markets, up from 21% in Q4. They aim to increase this to more than 35% by the end of the year.