Zillow Group Inc. reported better-than-expected financial results for the first quarter of 2025, with total revenue reaching $598 million, a 13% increase compared to the same period in 2024. This figure exceeded the company's outlook midpoint by $15 million. The company's For Sale revenue rose by 8% year over year to $458 million, with Residential revenue increasing by 6% to $417 million and Mortgages revenue up by 32% to $41 million. Additionally, Rentals revenue saw a significant rise of 33%, reaching $129 million. The company's CEO, Jeremy Wacksman, expressed confidence in meeting full-year 2025 goals, highlighting Zillow's momentum in expanding services and scaling their housing super app across more markets. This expansion is aimed at simplifying the buying, selling, and renting processes for customers and real estate professionals, thereby contributing to the company's growth in both revenue and profits.
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