- Ended Q2 with $1.2 billion in cash and investments, down from $1.6 billion due to convertible notes settlement and share repurchases.
- For Sale revenue grew 9% year-over-year to $482 million, outperforming the broader housing market.
- Q2 EBITDA was $155 million at the high end of the outlook range, with a 24% EBITDA margin.
- Rentals revenue accelerated 36% year-over-year to $159 million, driven by multifamily revenue growth of 56%.
- Residential revenue increased 6% and mortgages revenue surged 41% to $48 million.
- Share repurchases totaled $150 million in Q2 at an average price of $65, with $981 million remaining authorization.
- The company reported its second consecutive quarter of positive GAAP net income.
- Total operating expenses and cost of revenue grew 9% year-over-year, while fixed costs grew only 3%.
- Zillow Group reported Q2 2025 revenue of $655 million, up 15% year-over-year, exceeding expectations.
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Dafinchi