Zillow Group (ZG) Q2 FY26 earnings call

Zillow Group delivered strong Q2 FY26 results, exceeding revenue and EBITDA expectations, primarily driven by the accelerated transition to its Preferred monetization model and robust Rentals segment growth. The company is strengthening its leadership team and implementing cost efficiencies to move faster, while continuing to invest in AI-native products and end-to-end transaction experiences. Despite macro headwinds in the mortgage market, Zillow remains confident in its strategy to drive long-term growth and profitability.