Zillow hosts AI summit, reaffirms 2026 financial targets

Zillow Group Inc. (NASDAQ: Z and ZG) held an AI Summit for Investors on March 24, showcasing its artificial intelligence strategy for residential real estate operations. The company demonstrated how its platform connects home discovery, renting, touring, buying, selling and financing services.

"Zillow's AI-native housing platform makes moving simpler and more connected, helping people move with clarity and confidence," said Chief Executive Officer Jeremy Wacksman. The company reported 235 million average monthly unique users, with 80% visiting the platform directly.

Zillow outlined its AI strategy built on three components: proprietary housing content including comprehensive inventory data, consumer behavioral signals across platform activities, and integrated transaction infrastructure for completing real estate transactions.

The company reaffirmed its first-quarter 2026 financial outlook, expecting total revenue of $700 million to $710 million and adjusted EBITDA of $160 million to $175 million for the three months ending March 31, 2026.

For full-year 2026, Zillow maintained its projection of mid-teens total revenue growth, including approximately 30% growth in Rentals revenue. The company expects continued adjusted EBITDA margin expansion and share-based compensation to decrease by more than 10%.

Zillow also reaffirmed its mid-cycle financial targets, assuming a normalized housing market, of $5 billion in total revenue and 45% adjusted EBITDA margin. The company provided a new mid-cycle net income margin target of 25%.

The event was available via live webcast beginning at 9 a.m. ET, with presentation materials made available on the company's investor relations website, according to the press release.

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