Strong Revenue Growth
Total revenue increased 16% year-over-year to $676 million in Q3, exceeding the high end of the outlook range.
Rentals Revenue Surge
Rentals revenue grew 41% year-over-year, with 62% year-over-year revenue growth in multifamily.
Positive Net Income and EBITDA Margin Expansion
Generated positive net income of $10 million in Q3, with EBITDA margin expanding more than 200 basis points year-over-year to 24%.
Zillow Home Loans Growth
Purchase loan origination volume grew 57% year-over-year to $1.3 billion, and mortgages revenue was up 36%.
Innovations in AI and Technology
Launched AI-powered virtual staging and debuted the Zillow app inside ChatGPT, showcasing rapid innovation.