Earnings ·
Zillow Group reported second-quarter 2026 financial results with total revenue increasing 18% year over year to $772…
ZZillow Group, Inc.
Zillow Group reported second-quarter 2026 financial results with total revenue increasing 18% year over year to $772 million, exceeding the high end of its outlook range. For Sale revenue grew 14% to $549 million, driven by a 75% increase in Mortgages revenue to $84 million and 7% growth in Residential revenue to $465 million. Rentals revenue rose 31% year over year to $209 million. The company reported a GAAP net loss of $4 million but Adjusted net income of $118 million, with Adjusted EBITDA reaching $176 million. Zillow repurchased 5.6 million shares for $200 million during the quarter and provided Q3 revenue guidance of $745 million to $760 million. Concurrently, the company announced executive leadership changes: Jeremy Hofmann was appointed Chief Operating Officer & Chief Financial Officer effective August 4, 2026, Cassandra Knight joined as Chief Legal and Policy Officer on August 10, 2026, and Jun Choo departed his role as Chief Operating Officer. Zillow Group operates in the residential real estate technology industry, providing online housing marketplaces, digital advertising, mortgage origination, and rental services.