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2w ago

Zillow Returns to Profit in Q2 as MLS Policy Takes Effect and Legal Challenges Persist

Zillow's integrated Housing Super App drove 15 percent revenue growth through a 41 percent jump in mortgage operations alongside a 36 percent increase in rental listings.

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Overview

  • Zillow recorded $655 million in revenue for Q2 2025, up 15 percent year-over-year, and achieved $2 million in net income after reversing a $17 million loss in the same period last year.
  • Mortgage operations generated $48 million in the quarter, climbing 41 percent annually, while rental listings revenue rose 36 percent to $159 million.
  • The portal maintained market leadership with 243 million average monthly unique users and 2.6 billion visits, reflecting year-over-year gains of 5 percent and 4 percent respectively.
  • Zillow began enforcing its MLS listing access policy on June 30, mandating that all publicly marketed properties appear in the MLS within 24 hours.
  • The company is defending lawsuits from Compass over its listing standards and from CoStar alleging unauthorized use of copyrighted rental listing photos.