Zillow Sees Revenue Growth Amid Losses and Leadership Shifts

WHO:

GeekWire - Zillow Group Inc. is the company discussed.

GeekWire - Jeremy Hofmann is the CFO of Zillow, who has expanded his role to include chief operating officer.

GeekWire - A Google litigation executive has been hired as Zillow's first chief legal and policy officer.

WHAT:

GeekWire - Zillow's second-quarter revenue rose 18% to $772 million.

GeekWire - Zillow reported a net loss of $4 million due to a $36 million restructuring charge from layoffs.

Bloomberg Markets - Zillow's revenue jumped 18% from a year earlier, attributed to growth in rental agreements.

WHERE:

Bloomberg Markets - The information pertains to Zillow's online real estate operations, which include a website and app.

WHEN:

Bloomberg Markets - The revenue increase and loss are reported for the second quarter of the year.

WHY:

Bloomberg Markets - The growth in revenue is attributed to rental agreements growing more quickly than home purchases on Zillow's platform.

HOW:

GeekWire - The company incurred a restructuring charge due to layoffs, impacting its financial results.

(UPDATED August 5, 2026 23:56 UTC)

Zillow Group Inc. has reported a second-quarter revenue increase of 18%, reaching $772 million, driven by a surge in rental agreements. However, the company also faced a net loss of $4 million, largely due to a $36 million restructuring charge from layoffs. In a strategic move, Zillow has expanded CFO Jeremy Hofmann's role to include chief operating officer and has appointed a Google litigation executive as its first chief legal and policy officer.