Zillow Group Inc Class A ( (ZG) ) has released its Q1 earnings. Here is a breakdown of the information Zillow Group Inc Class A presented to its investors.
Zillow Group, Inc., a leading real estate technology company, is revolutionizing the way people buy, sell, rent, and finance homes through its innovative digital platforms and services.
In its first-quarter 2025 financial report, Zillow Group announced results that exceeded expectations, highlighting a strong start to the year. The company reported significant revenue growth and improved profitability, positioning itself well for sustainable growth in the real estate market.
Key financial metrics from the report include a 13% year-over-year increase in revenue to $598 million, driven by growth across various segments such as residential, mortgages, and rentals. Notably, the mortgages segment saw a 32% increase in revenue, while rentals revenue surged by 33%. The company’s net income reached $8 million, a turnaround from a loss in the previous year, and Adjusted EBITDA rose to $153 million, representing 26% of revenue.
Zillow’s strategic focus on expanding its housing super app and enhancing its service offerings has contributed to increased customer engagement, with mobile app and site traffic rising by 5% year over year. The company also maintained a strong cash position, ending the quarter with $1.6 billion in cash and investments, despite share repurchases.
Looking ahead, Zillow Group’s management remains optimistic about achieving its full-year goals for 2025. The company aims to continue its growth trajectory by expanding its market presence and enhancing its digital solutions, thereby facilitating easier real estate transactions for customers and professionals alike.