1. Zillow reported a 13% revenue growth in Q1 2025. 2. Net income improved significantly, from a loss of $23 million to a profit of $8 million. 3. Strong demand in the housing market drives Zillow's profitable growth. 4. Zillow plans to expand its services across more markets. 5. Forward-looking statements indicate potential risks from market fluctuations.
Zillow's strong financial performance could attract more investors, reminiscent of past earnings boosts leading to stock price increases.
The earnings report highlights Zillow's strong market position and growth potential, which could boost investor confidence.
Positive quarterly results typically influence stock prices in the short term, particularly as they align with broader market trends.
Zillow Group, Inc. (NASDAQ: Z and ZG), which is transforming the way people buy, sell, rent, and finance homes, today announced its consolidated financial results for the three months ended March 31, 2025.
Complete financial results for the first quarter and outlook for the second quarter of 2025 can be found in the shareholder letter on the Investor Relations section of Zillow Group's website at https://investors.zillowgroup.com/investors/financials/quarterly-results/default.aspx.
"Our strong Q1 results surpassed our expectations and demonstrate how well we're executing. We are on track to meet our full-year 2025 goals, and we're well-positioned to deliver sustainable profitable growth," said Zillow Chief Executive Officer Jeremy Wacksman. "As we expand our services and scale the housing super app across more markets, we are bringing more customers and real estate professionals together and making buying, selling, and renting easier for them, which is helping us grow both our revenue and profits."
The following table sets forth Zillow Group's financial highlights for the periods presented (in millions, except percentages, unaudited):
| Three Months Ended | March 31, 2024 to 2025 | % Change |
|---|---|---|
| Revenue: | 2025 | 2024 |
| For Sale revenue: | $ 417 | $ 393 |
| Mortgages | 41 | 31 |
| Total For Sale revenue | 458 | 424 |
| Rentals | 129 | 97 |
| Other | 11 | 8 |
| Total revenue | $ 598 | $ 529 |
(1) Adjusted EBITDA is a non-GAAP financial measure; it is not calculated or presented in accordance with U.S. generally accepted accounting principles, or GAAP. See below for more information regarding our presentation of Adjusted EBITDA, including a reconciliation of Adjusted EBITDA to the most directly comparable GAAP financial measure, which is net income (loss), for each of the periods presented.
Zillow Group will host a live webcast to discuss these results today at 2 p.m. Pacific Time (5 p.m. Eastern Time). Please register for the live event at https://zillow-q1-25-financial-results.open-exchange.net/. A shareholder letter and link to both the live webcast and recorded replay of the call may be accessed in the Quarterly Results section of Zillow Group's Investor Relations website.
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 that involve risks and uncertainties, including, without limitation, statements regarding the future performance and operation of our business, and our business strategies and ability to translate such strategies into financial performance. Statements containing words such as "may," "believe," "anticipate," "expect," "intend," "plan," "project," "predict," "will," "projections," "continue," "estimate," "outlook," "guidance," "would," "could," "strive," or similar expressions constitute forward-looking statements. Forward-looking statements are made based on assumptions as of May 7, 2025, and although we believe the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee these results. Differences in Zillow Group's actual results from those described in these forward-looking statements may result from actions taken by Zillow Group as well as from risks and uncertainties beyond Zillow Group's control.
Zillow Group, Inc. (Nasdaq: Z and ZG) is reimagining real estate to make home a reality for more and more people. As the most visited real estate app and website in the United States, Zillow and its affiliates help people find and get the home they want by connecting them with digital solutions, dedicated real estate professionals, and easier buying, selling, financing, and renting experiences.
Please visit https://investors.zillowgroup.com for more information about the company, its financial information, and its business.
The Zillow Group logo is available at https://zillowgroup.mediaroom.com/logos-photos.