The Zillow Group announced its fourth-quarter and full-year results exceeding the company’s outlook for revenue and adjusted EBITDA.
The company’s Q4 revenue was up 17% year over year to $554 million and rentals revenue increased 25% to $116 million.
In a letter to investors, the company stated “We achieved our stated goals for 2024: We met our target of double-digit revenue growth for the full year 2024 — up 15% year over year to $2.2 billion, against a housing market that saw 6% total transaction value 3 growth.”
Zillow CEO Jeremy Wacksman told investors, “2024 was a remarkable year for Zillow. We achieved our stated goals for the year—including double-digit revenue growth—and we expect to keep up our momentum in 2025. The results we reported today demonstrate how well we are executing and seizing our opportunity to transform and digitize residential real estate.”
Looking forward, Wacksman said, “With the leading brand in our category and a solid foundation for continued growth, we’re excited to serve more buyers, sellers, renters, and real estate professionals this year.”
The company predicts “low to mid-teens revenue growth for the full year 2025, with continued Adjusted EBITDA margin expansion.”
By CEO NA Editorial Staff
