Zillow Reports Q3 2026 Revenue Growth Amidst Challenging Housing Market Conditions
Zillow Group, Inc. (ZG) reported third-quarter revenue of $724 million, a 7% year-over-year increase that outpaced the broader industry's 1% growth rate. Despite this top-line success, the company recorded a net loss of $158 million, largely due to a $165 million charge related to a securities class action settlement. Adjusted EBITDA reached $182 million with a 25% margin. The results highlight a divergence in business segments: while residential revenue fell 4% due to high mortgage rates and monetization transitions, the Rentals segment surged 26%, driven by multifamily advertising growth. Mortgage revenue also saw significant gains of 32%, supported by a 55% increase in purchase loan origination volume. Management issued cautious guidance for Q4 2026, forecasting revenue between $635 million and $665 million. Executives noted that recent mortgage rate volatility has created one of the toughest housing markets in a generation, pushing potential buyers to the sidelines and pressuring the mortgage funnel.
Topics: mortgage rates net loss real estate technology revenue growth securities class action settlement
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Part of the story Sunrun Reports Q3 2026 Revenue Growth Amidst Lowered Cash Generation Guidance (25 articles)