Zillow Q3 revenue $676M (+16% YoY), net income $10M, Adj EBITDA $165M above outlook

ZILLOW GROUP, INC.

2025-Q3 EPS reported $0.08 revenue$1,929,000,000

Q3 revenue $676M (+16% YoY), above outlook; GAAP net income $10M vs loss of $20M YoY.
Adjusted EBITDA $165M (24% margin) vs $127M (22%) YoY; both above company outlook.
For Sale revenue $488M (+10% YoY), Rentals $174M (+41%), Mortgages $53M (+36%).
Cash and investments $1.4B; traffic 250M avg monthly unique users (+7% YoY).
No explicit Q4 guidance; reaffirms full-year 2025 targets of mid-teens revenue growth and positive net income.

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