Quarterly ResultMay 6, 2026, 04:39 PM
Zillow Group Q1 Net Income $46M; Revenue $708M; Initiates $500M Credit Facility
AI Summary
Zillow Group reported strong first-quarter results for 2026, with net income significantly increasing to $46 million from $8 million in the prior year. Total revenue grew to $708 million, up from $598 million, driven by growth across Residential, Mortgages, and Rentals segments. The company also entered into a new $500 million revolving credit facility and executed substantial share repurchases totaling $633 million during the quarter.
Key Highlights
- Net income surged to $46M in Q1 2026 from $8M in Q1 2025.
- Total revenue increased to $708M, up from $598M year-over-year.
- Income from operations improved to $36M from a $(9)M loss.
- Basic EPS rose to $0.19 from $0.03 in the prior year quarter.
- Entered into a new $500M Revolving Credit Facility maturing January 30, 2031.
- Repurchased $633M of Class A common and Class C capital stock.
- Net cash provided by operating activities increased to $200M from $104M.
- Residential revenue grew to $450M from $417M.