Zillow Q3: missed its own outlook; Q4 midpoint $650M is ~10% below Q3 while rentals grow to 30% of revenue
Zillow Group (Z) reported Q3 after Wednesday's close: revenue of $724M missed its own $745M to $760M outlook and it guided Q4 to $635M to $665M. Shares fell about 15% after hours.
The $650M midpoint is 10% below Q3. Rentals added $46M in a year while residential lost $16M. Zillow is turning into a rentals company while it waits on mortgage rates. Not financial advice.
https://www.prnewswire.com/news-releases/zillow-group-reports-third-quarter-2026-financial-results-302929625.html
Sources: Inman: missed $745M-$760M outlook, Q4 revenue guide $635M-$665M, rentals now 30% of revenue · Investing.com: Zillow shares tumble 15%, revenue $724M vs $754.4M estimate · CNBC after-hours movers: Zillow sank more than 16% after missing key metrics
Not financial advice. For informational and educational purposes only.
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