March 24, 2026 — Zillow Group, Inc. (Nasdaq: Z and ZG) today unveiled its ambitious vision for the future of residential real estate during an AI Summit for Investors. Highlighting the company’s pioneering approach, the half-day event showcased how Zillow is cultivating an AI-native housing platform designed to enhance the entire moving journey—from home discovery to financing.

1. A Vision for the Future of Housing

Zillow’s Chief Executive Officer, Jeremy Wacksman, emphasized the transformative potential of the company’s AI-native platform. "We've built Zillow as a destination where high-intent consumers come to make decisions and act on them to buy, sell, finance, and rent," he remarked. With two decades of innovation under its belt, Zillow is leveraging proprietary data and integrated AI to deliver superior outcomes for consumers and industry professionals alike.

The event detailed Zillow’s strategy to connect various aspects of the housing journey, asserting that the platform simplifies the moving process and fosters a sense of clarity and confidence among users. With an impressive audience of 235 million average monthly unique users—80% of whom access the site directly—Zillow remains the most visited real estate app and website in the United States.

2. Advancing an AI-Native Housing Platform

The summit highlighted Zillow's commitment to building a unified housing operating system, emphasizing three critical components of its AI strategy:

Proprietary Housing Content: Zillow offers a comprehensive inventory that spans existing homes, rentals, and new construction, all enriched with structured data and immersive media.

High-Intent Consumer Context: The platform utilizes first-party behavioral signals to enhance consumer experiences across search, touring, financing, and transaction activities.

Integrated Transaction Infrastructure: Zillow embeds software and workflows across various stages, enabling seamless transactions for both consumers and professionals.

Zillow aims to apply intelligence throughout each phase of the housing journey, significantly enhancing the consumer experience while empowering real estate professionals.

3. Financial Outlook and Mid-Cycle Targets

During the summit, Zillow reaffirmed its financial outlook for the first quarter and the full year 2026, alongside new mid-cycle financial targets:

First Quarter 2026 Outlook: Expected total revenue is set between $700 million and $710 million, with adjusted EBITDA projected between $160 million and $175 million.

Full-Year 2026 Forecast: The company anticipates mid-teens total revenue growth year-over-year, with Rentals revenue expected to grow by approximately 30%. Additionally, Zillow expects continued expansion of its adjusted EBITDA margin and a reduction in share-based compensation by over 10%.

Mid-Cycle Financial Targets: Looking ahead, Zillow is targeting total revenue of $5 billion, an adjusted EBITDA margin of 45%, and a net income margin of 25%, assuming a normalized housing market.

Zillow's management will provide further details during the event and through subsequent materials available on the company's Investor Relations website.

4. Webcast Information

While in-person attendance was by invitation only, Zillow facilitated a live webcast of the event, commencing at 9 a.m. ET / 6 a.m. PT. This accessibility underscores Zillow's commitment to transparency and engagement with its investor community.

5. About Zillow Group

Zillow Group, Inc. is dedicated to reimagining real estate and making home ownership a reality for more individuals. As the top real estate app and website in the U.S., Zillow connects consumers with innovative technology, trusted agents, and seamless digital solutions. The company’s ecosystem encompasses the entire home journey, from dreaming and shopping to renting, buying, selling, and financing.

Zillow’s portfolio includes several well-known brands and services, such as Zillow®, Zillow Home Loans®, and Trulia®, among others, enhancing its ability to serve a diverse range of consumer needs in the housing market.

As Zillow continues to innovate and expand its offerings, it solidifies its position at the forefront of the real estate industry, poised for sustainable growth in this evolving landscape.

Original press release