Key facts
- Zillow's Q3 2026 revenue of $724 million missed the S&P analysts' consensus of $752.6 million by 3.8%.
- GAAP loss per share was $0.70 against analysts' consensus of $0.15, per the report.
- Adjusted EBITDA was $182 million versus a $191.5 million consensus, a 25.1% margin.
- Operating margin was negative 22.2%, down from negative 0.4% a year earlier.
- Free cash flow margin rose to 17.7% from 10.8% in the same quarter last year.
Zillow reported third-quarter 2026 revenue of $724 million, up 7.1% year on year but below the $752.6 million consensus of S&P analysts, a 3.8% miss, according to a StockStory report. The online real estate marketplace posted a GAAP loss of $0.70 per share against analysts' consensus of $0.15.
Adjusted EBITDA was $182 million, below the $191.5 million consensus, at a 25.1% margin. Operating margin was negative 22.2%, compared with negative 0.4% in the same quarter a year earlier. Free cash flow margin was 17.7%, up from 10.8%.
Zillow's market capitalization was $7.65 billion. Shares fell 15.6% to $29.06 immediately after the release, the report said. The report did not state the session in which the move occurred.
Over the past five years, Zillow's revenue fell at an annual rate of 5.9%, while annualized revenue growth over the last two years was 15.1%, the report said. S&P analysts expect revenue to grow 11.2% over the next 12 months and full-year EPS to turn positive at $1.23 from negative $0.51.