Even with a slow housing market, Zillow posted double-digit revenue growth and a $2 million profit in Q2 2025 “As we work to streamline residential real estate transactions with our ‘Housing Super App,’ everything we build is designed to offer a benefit for both consumers and the industry,” Zillow CEO Jeremy Wacksman said. Zillow has gone all in on its “Super App” strategy, seeking to be a one-stop shop for home buyers and seller. In building out this plan, Zillow has expanded into mortgage, through Zillow Home Loans, and has grown its presence in rentals. During the quarter, revenue from its mortgage operation was up 41% annually to $48 million, while Zillow’s rental segment posted 36% year-over-year revenue growth to $159 million. The residential for-sale segment posted 9% annual revenue growth to $434 million. Zillow as a whole recorded quarterly revenue of $655 million, up 15% compared to the same period last year. During the first six months of 2025, Zillow has recorded total net income of $10 million, compared to its $40 million net loss during the first half of 2024. According to Wacksman, much of this growth and improvement for the company is being driven by Zillow’s successful execution of its for-sale strategy. Wacksman said Zillow is seeing this strategy come to life in its enhanced markets, where the company is working to connect high-intent consumers with Zillow partner agents. “In Q2, 27% of connections came through the enhanced market experience on our way to a long-term goal of at least 75% of connections,” he said. Wacksman added that other Zillow Group offerings — including Follow Up Boss and Zillow Home Loans — showed signs of strong adoption in these enhanced markets. Zillow Home Loans posted double-digit adoption rates in the enhanced markets. Wacksman also highlighted the growth of Zillow Rentals, which he said is “scaling rapidly.” “In Q2, Zillow Rentals had 2.4 million active rental listings, the most in the category. Multifamily properties are leading our rentals growth with multifamily revenue up 56% year over year and property count up 45% year over year to 64,000 at the end of Q2,” he said. According to Wacksman, this growth has led Zillow to claim the No. 1 position in rentals traffic, with 36 million average monthly rental unique visitors in Q2 2025. “We expect quarterly year-over-year rentals revenue growth to keep accelerating throughout 2025, with a clear path toward the billion-dollar-plus revenue opportunity in front of us,” he said.