Zillow Group Reports Strong Financial Results for 2024
SEATTLE, Feb. 11, 2025 /PRNewswire/ -- 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 and year ended December 31, 2024.
Complete financial results, and outlook for the first quarter of 2025, can be found in our shareholder letter on the Investor Relations section of Zillow Group's website at https://investors.zillowgroup.com/investors/financials/quarterly-results/default.aspx.
"2024 was a remarkable year for Zillow: We achieved our stated goals for the year — including double-digit revenue growth — and we expect to keep up our momentum in 2025," said Zillow Chief Executive Officer Jeremy Wacksman. "The results we reported today demonstrate how well we are executing and seizing our opportunity to transform and digitize residential real estate. With the leading brand in our category and a solid foundation for continued growth, we're excited to serve more buyers, sellers, renters, and real estate professionals this year."
Recent Highlights
- National Association of Realtors® existing homes sold during Q4 2024 multiplied by the average selling price per home for Q4 2024, compared with the same period in 2023.
- Calculated as the number of existing residential homes sold during Q4 2024 multiplied by the average sales price of existing residential homes sold for Q4 2024 according to industry data collected and estimated by Zillow, as published monthly on our site.
Fourth-Quarter and Full-Year 2024 Financial Highlights
The following table sets forth Zillow Group's financial highlights for the periods presented (in millions, except percentages, unaudited):
| Metric |
2024 |
2023 |
% Change |
| For Sale Revenue |
$387 |
$349 |
11% |
| Mortgages |
$41 |
$22 |
86% |
| Total Revenue |
$554 |
$474 |
17% |
Conference Call and Webcast Information
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-q4-24-financial-results.open-exchange.net/.
Forward-Looking Statements
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.
About Zillow Group, Inc.
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 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 partners and agents, and easier buying, selling, financing, and renting experiences.
