Q1 2025 Zillow Group Inc Earnings Call Transcript
Key Points
- Zillow Group Inc (Z) exceeded its Q1 2025 outlook, achieving strong top-line growth and GAAP profitability.
- The company reported a 13% year-over-year increase in total revenue, reaching $598 million, with significant growth in rentals and mortgages revenue.
- Zillow Group Inc (Z) expanded its EBITDA margin by 200 basis points year-over-year to 26%, demonstrating effective cost management.
- The company continues to lead in the residential real estate market with 227 million average monthly unique users and 4x the app engagement of the next competitor.
- Zillow Group Inc (Z) is successfully executing its housing super app strategy, integrating services like Premier Agent and Zillow Home Loans to enhance customer experience and drive growth.
- The high-end housing market outperformed, contributing to growth, while the middle and lower end remained flat, posing challenges for broader market performance.
- The macroeconomic environment remains uncertain, with the housing market expected to continue bouncing along the bottom.
- Zillow Group Inc (Z) faces challenges in expanding its Enhanced Markets, requiring methodical rollout and integration with Zillow Home Loans and Premier Agent partners.
- The company anticipates increased expenses in Q2 2025, driven by seasonal marketing and costs associated with the Redfin rentals partnership.
- Despite strong growth in rentals, the overall housing market remains constrained by affordability challenges and limited inventory, impacting transaction volumes.
Hello, and welcome to Zillow Group's first-quarter 2025 financial results call. (Operator Instructions) Also, as a reminder, this conference is being recorded today. If you have any objections, please disconnect at this time.
Brad, you may begin.
Thank you. Good afternoon, and welcome to Zillow Group's quarterly earnings call. Joining me today to discuss our results are Zillow Group's CEO, Jeremy Wacksman; and CFO, Jeremy Hofmann. During today's call, we will make forward-looking statements about our future performance and operating plans based on current expectations and assumptions. These statements are subject to risks and uncertainties and we encourage you to consider the risk factors described in our SEC filings for additional information.
We undertake no obligation to update these statements as a result of new information or future events, except as required by law. This call is being broadcast on the Internet and is accessible on our Investor Relations website. A
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
