Zillow Group Q4 Revenue Hits $654M (+18.1%), EPS $0.39 Below Estimates
Zillow posted Q4 revenue of $654 million, up 18.1% year-over-year, slightly above consensus, while EPS of $0.39 rose from $0.27 but missed the $0.42 estimate. Average monthly unique users reached 221 million versus a 215.1 million forecast, residential revenue climbed 8%, and mortgage revenue surged 39%.
1. Q4 Financial Results
For the quarter ended December 2025, Zillow generated $654 million in revenue, a year-over-year increase of 18.1%, compared with the $649.8 million consensus estimate. Reported EPS was $0.39 versus $0.27 a year ago, missing the $0.42 average forecast by 6.25%.
2. Segment Performance
Residential segment revenue reached $418 million, up 8% year-over-year and above the $416 million estimate. Mortgage revenue surged 39% to $57 million, while rental revenue grew 44.8% to $168 million but slightly trailed the $172.2 million projection. Other revenue rose 10% to $11 million against analyst estimates of $11.6 million.
3. User Engagement Metrics
Zillow’s platform averaged 221 million unique monthly users, exceeding the 215.1 million consensus, with 2.1 billion site visits versus a projected 2.11 billion. This uptick in engagement underscores continued consumer demand for Zillow’s online real estate services.
4. Market Reaction and Outlook
The stock has fallen 19.7% over the past month, reflecting investor concerns over the EPS miss despite robust top-line growth. With a current sell rating from major analysts, future performance will hinge on margin expansion and continued user engagement gains.