Earnings ·
Zillow reports $724M Q3 revenue, up 7%, but posts $0.70 net loss per share
ZZillow Group, Inc.
Zillow Group reported third-quarter 2026 total revenue of $724 million, a 7% increase year over year, driven by a 26% surge in Rentals revenue to $220 million and a 32% rise in Mortgages revenue to $70 million. However, the company posted a GAAP net loss of $158 million, or $0.70 per diluted share, compared to a net income of $10 million in the prior year period, primarily due to a $165 million settlement charge related to the Zillow Offers securities class action. Adjusted metrics showed stronger performance, with adjusted net income of $124 million ($0.55 per share) and adjusted EBITDA of $182 million (25% margin). The company also provided Q4 revenue guidance of $635 million to $665 million. Zillow Group operates a digital real estate marketplace offering home search, rental listings, mortgage lending, and agent services.