ZG · Q3 revenue $724M, EPS -$0.70

Zillow Group reported Q3 2026 revenue of $724M (+7% YoY), below the $754.3M consensus, and GAAP net loss of $158M (diluted EPS -$0.70) vs. consensus EPS of $0.60. Adjusted diluted EPS was $0.55, also below the Street estimate of $0.60. Residential revenue declined 4% YoY due to higher mortgage rates pressuring transaction volume, while Rentals revenue grew 26% YoY. The company guided Q4 revenue of $635M-$665M, implying a year-over-year decline, and full-year 2026 Adjusted EBITDA of $655M-$690M. The results reflect a tough housing market and a $165M Zillow Offers securities class action settlement charge.

• Q3 2026 revenue $724M, up 7% YoY but below $754.3M consensus
• GAAP net loss $158M, diluted EPS -$0.70 vs. consensus $0.60
• Adjusted diluted EPS $0.55 vs. $0.44 a year ago, below $0.60 consensus
• Residential revenue declined 4% YoY to $419M due to higher mortgage rates