The earnings call presented a positive outlook for Zillow with strong revenue growth, particularly in the Rentals and multifamily segments, and significant advancements in technology. However, challenges remain with a flat housing market and rising variable expenses.

Company Guidance

During Zillow Group's second-quarter financial results call for fiscal year 2025, the company announced strong performance metrics, including a 15% year-over-year increase in total revenue, reaching $655 million, and an adjusted EBITDA of $155 million, with a margin of 24%. Zillow reported 243 million average monthly unique users across its platforms and noted that its Rentals revenue grew by 36% year-over-year with multifamily revenue up by 56%. The company maintained its leading position in both For Sale and Rentals traffic, with 36 million average monthly unique visitors for Rentals. Zillow's For Sale revenue increased by 9% year-over-year, with a significant contribution from its mortgages segment, which surged by 41%. The company highlighted the success of its Enhanced Markets strategy, which aims to connect high-intent movers with high-performing professionals, and noted that 27% of connections now come through this experience. Zillow also emphasized its commitment to innovation and technology, particularly with AI features, and reiterated its expectation for mid-teens revenue growth for the full year 2025.

Strong Q2 Revenue and Growth

Total revenue was up 15% year-over-year, exceeding expectations, with $655 million in Q2. For Sale revenue increased by 9%, and Rentals revenue growth accelerated to 36% year-over-year.

Zillow Home Loans Expansion

Mortgages revenue was up 41% year-over-year with purchase loan origination volume growing 48% to $1.1 billion in Q2.

Multifamily Segment Growth

Multifamily revenue grew by 56% year-over-year, with property count up 45% year-over-year to 64,000 at the end of Q2.

Market Leadership in Rentals

Zillow Rentals had 36 million average monthly rental unique visitors in Q2, maintaining the #1 position in rentals traffic.

AI and Technology Innovation

Rollout of AI-powered Smart Messages and SkyTour for enhanced customer and agent experience, indicating strong focus on technological innovation.

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

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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 Class C (Z) report earnings?

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

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

Zillow Group 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

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