Zillow Group delivered a robust third quarter in 2025, with total revenue increasing 16% year-over-year to $676 million, surpassing company outlook. The company achieved a net income of $10 million and an Adjusted EBITDA of $165 million, demonstrating effective cost management and strong growth across its segments, particularly in Mortgages and Rentals.
Total revenue for Q3 2025 increased by 16% year-over-year, reaching $676 million, exceeding the company's outlook.
Net income for the quarter was $10 million, with a net income margin of 1%, a significant improvement of 400 basis points year-over-year.
Adjusted EBITDA grew to $165 million, with an Adjusted EBITDA margin of 24%, reflecting a more than 200-basis-point increase year-over-year.
Traffic to Zillow Group's mobile apps and sites saw a 7% year-over-year increase in average monthly unique users, reaching 250 million, and visits were up 4% to 2.5 billion.
The report mentions an outlook for the fourth quarter of 2025, but specific numerical guidance or detailed positive/negative points are not provided in the given text.
Visualization of income flow from segment revenue to net income