Zillow Senior Vice President of Engineering Toby Roberts joins the GeekWire Podcast to discuss what AI is changing about buying and selling homes, from AI agents working alongside real estate agents to the company's integration with ChatGPT.
Zillow Group shares have fallen sharply toward 52-week lows, potentially putting the online real estate giant back on investors' radars.
Zillow is shifting to an integrated transaction platform, driving higher revenue per connection and improved monetization despite a challenging housing market. While this is dragging on revenue recognition at the moment, and there remains uncertainty about profits, I would argue the model is working. Looking past the weak housing market and concerns regarding jostling between competitors, Zillow's valuation appears far too low given the quality of the company.
Zillow's rent-reporting program is helping renters build credit while expanding its housing platform from rental search to homeownership.
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).