Z
Zillow Group, Inc.70.07
+1.69+2.47%
Dec 16, 4:00:01 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
Q&A reaffirms, details Pro beta.
Q&A largely reaffirmed prepared remarks, with management dismissing legal suits, RESPA concerns, and industry consolidation as negligible risks under 1% of listings that won't dent strategy or growth. Zillow Pro remains in beta, eyeing nationwide H2 rollout but minimal 2026 revenue impact, priced for agent adoption to boost CRM usage. Enhanced markets scaling hits operational limits, pacing like 2025's doubling from 21% to 44% connections. Legal drags FY2026 EBITDA margins 100bps, masking stronger underlying leverage. Steady execution. Watch Pro learnings, rentals momentum.
Key Stats
Market Cap
16.96BP/E (TTM)
-Basic EPS (TTM)
-0.14Dividend Yield
0%Recent Filings
8-K
New $1.25B repurchase authorized
Zillow Group's board authorized an additional $1.25 billion share repurchase on March 4, 2026, boosting total remaining capacity to $1.3 billion. From January 1 to March 4, it bought 3.8 million Class A shares at $47.84 average and 9.7 million Class C at $45.92 for $626 million total. Repurchases signal confidence. Yet risks may alter plans.
10-K
FY2025 results
Zillow Group delivered FY2025 results with revenue up 16% y/y to $2.6B, achieving GAAP profitability of $23M net income. Rentals revenue accelerated 39% y/y to $630M, driven by 44% growth in multifamily listings to 72,000 and higher revenue per property, while For Sale revenue rose 9% y/y to $1.9B (8.5 bps of $2.2T TTV, derived). Residential revenue grew 7% y/y to $1.7B on 3% more visits to 9.6B and higher revenue per visit; Mortgages jumped 37% y/y to $199M as purchase originations doubled to $4.7B. Q4 momentum shone in Rentals' multifamily surge and Zillow Home Loans' double-digit adoption in Enhanced Markets. Strong liquidity persists with $1.3B cash; $711M remains for buybacks. No annual guidance disclosed. Low housing inventory and volatile rates threaten quarterly momentum.
8-K
Zillow Q4 revenue up 18%
8-K
Zillow inks $500M revolver
Zillow Group secured a $500 million revolving credit facility on January 30, 2026, expandable by $250 million, maturing January 30, 2031. Loans carry SOFR plus 1.25%-1.75% margins, with a 0.25% commitment fee on unused amounts. It bolsters liquidity for general corporate purposes. Leverage capped at 3.75:1.00.
8-K
Zillow Q3 revenue beats
Zillow crushed Q3 expectations with revenue up 16% to $676 million, outpacing the real estate industry's 5% growth, fueled by Rentals surging 41% to $174 million and Mortgages jumping 36% on $1.3 billion originations. GAAP net income hit $10 million; Adjusted EBITDA reached $165 million at 24% margin. Revenue accelerates in Q4. Cash sits at $1.4 billion.
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