Zillow Group delivered strong Q2 2026 results, with 18% revenue growth and outperformance across mortgage, rentals, and for-sale segments. The preferred model now drives 61% of connections, boosting revenue per connection and positioning ZG for higher long-term monetization. Despite near-term profit headwinds from revenue recognition timing, I see EBITDA growth accelerating as the preferred transition matures.
Zillow plans to lay off “just over 500 employees,” or about 7% of its workforce, as part of a company-wide restructuring. The Seattle-based online real estate company had 7,058 employees as of March 31.
Zillow Group NASDAQ: Z reported second-quarter revenue growth that exceeded its outlook, led by gains in its For Sale and Rentals businesses, while outlining an accelerated transition to its Zillow Preferred agent-partner model and a restructuring intended to streamline operations.
Zillow (Z) came out with quarterly earnings of $0.52 per share, beating the Zacks Consensus Estimate of $0.44 per share. This compares to earnings of $0.4 per share a year ago.
Zillow is laying off just over 500 employees as it makes organizational changes, Zillow CEO Jeremy Wacksman said in a Tuesday (Aug. 4) blog post. The reduction amounts to about 7% of Zillow's workforce.
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On Wednesday morning, about two-thirds of Zillow's Chicago home listings abruptly vanished. Zillow is in an ongoing dispute with a local MLS, or multiple listing service, named Midwest Real Estate Data (MRED).
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Zillow (Z) reported earnings 30 days ago. What's next for the stock?
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