Zillow Group reported strong revenue growth and positive net income, driven by significant performance in the rentals and mortgage segments. The company continues to expand its market share and enhance its product offerings, despite facing a challenging housing market and increased variable expenses. The sentiment is largely positive due to the substantial growth and strategic advancements in key areas.

Company Guidance -

Q3 2025

During Zillow Group's second quarter financial results call, the company reported strong Q2 2025 results with a 15% year-over-year revenue increase, totaling $655 million, and $155 million in EBITDA at the high end of their outlook. Zillow's CEO, Jeremy Wacksman, highlighted significant growth in various segments, including a 9% increase in For Sale revenue, driven by residential and new construction marketplaces, and a 41% surge in mortgages revenue. The Rentals segment saw accelerated growth, with revenue up 36% year-over-year, supported by a 56% rise in multifamily revenue. Zillow maintained its leading position in both For Sale and Rentals traffic, with 243 million average monthly unique users and 36 million rental unique visitors. The company also made progress in its Enhanced Markets and the adoption of Zillow Showcase listings, which now appear on 2.5% of new listings. Looking ahead, Zillow expects mid-teens revenue growth for the full year 2025 and continues to focus on rolling out innovative products and enhancing the user experience through AI and digital tools.

Strong Q2 Revenue Growth

Total revenue for Q2 was up 15% year-over-year, exceeding expectations. For Sale revenue increased by 9% year-over-year, residential revenue was up 6%, and mortgages revenue surged by 41%. Rentals revenue growth accelerated to 36% year-over-year.

Record Rentals Revenue and Property Count

Zillow Rentals had 2.4 million active rental listings, the most in the category. Multifamily properties led growth with a 56% increase in revenue and a 45% year-over-year increase in property count.

Launch of SkyTour and Enhanced Offers

New features such as SkyTour, an interactive video experience, and Offer Insights for buyers and agents were introduced to enhance the shopping experience and improve decision-making.

Growth in Enhanced Market Connections

27% of connections came through the enhanced market experience, with a long-term goal of at least 75%. Zillow Home Loans showed double-digit adoption rates across these markets.

Positive Net Income and EBITDA

Delivered $155 million of EBITDA in Q2, at the high end of the outlook range, with a 24% EBITDA margin. Reported the second consecutive quarter of positive GAAP net income.

Zillow Group Class C (Z) 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 >

Z Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 29, 2025	2025 (Q3)	0.43 / -	0.389	―	―	―
Aug 06, 2025	2025 (Q2)	0.42 / 0.40	0.414	-3.38% (-0.01)	―
May 07, 2025	2025 (Q1)	0.37 / 0.41	0.36	13.89% (+0.05)	―
Feb 11, 2025	2024 (Q4)	0.27 / 0.27	0.2	35.00% (+0.07)
Nov 06, 2024	2024 (Q3)	0.29 / 0.39	0.352	10.51% (+0.04)	―
Aug 07, 2024	2024 (Q2)	0.26 / 0.41	0.39	6.15% (+0.02)	―
May 01, 2024	2024 (Q1)	0.31 / 0.36	0.35	2.86% (+0.01)	―
Feb 13, 2024	2023 (Q4)	0.12 / 0.20	0.21	-4.76% (>-0.01)
Nov 01, 2023	2023 (Q3)	0.23 / 0.35	0.409	-13.94% (-0.06)	―
Aug 02, 2023	2023 (Q2)	0.19 / 0.39	0.465	-16.13% (-0.08)	―

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

Z Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 06, 2025	$85.18	$84.63	-0.65%
May 07, 2025	$67.88	$67.90	+0.03%
Feb 11, 2025	$86.32	$78.21	-9.40%
Nov 06, 2024	$58.68	$72.63	+23.77%

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.

FAQ

When does Zillow Group Inc Class C (Z) report earnings?

Zillow Group Inc Class C (Z) is schdueled to report earning on Oct 29, 2025, After Close (Confirmed).

What is Zillow Group Inc Class C (Z) earnings time?

Zillow Group Inc Class C (Z) earnings time is at Oct 29, 2025, After Close (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is Z EPS forecast?

Z EPS forecast for the fiscal quarter 2025 (Q3) is 0.43.

Zillow Group Class C (Z) Earnings News

Premium

Market News

Solid Earnings Beat Sends Zillow Higher

2y ago

See More Z News >

Become an Expert with TipRanks Premium

What am I Missing?

Make informed decisions based on Top Analysts' activity

Know what industry insiders are buying

Get actionable alerts from top Wall Street Analysts

Find out before anyone else which stock is going to shoot up

Get powerful stock screeners & detailed portfolio analysis

Subscribe Now See Plans & Pricing