From The Real Deal · Sheridan Wall · · 50s
Zillow Loses $158M in Q3 After iBuying Settlement
Zillow reports $158 million loss in Q3 after settling shareholder lawsuit over iBuying business.
In brief
Zillow reports $158 million loss in Q3 after settling shareholder lawsuit over iBuying business. Zillow lost $158 million in Q3 following a proposed $212 million settlement for its iBuying business collapse. Originally reported by The Real Deal.
Zillow Q3 Financial Results
Zillow reported a $158 million net loss in Q3, down from $10 million profit in Q3 2025.
iBuying Settlement Agreement
Zillow agreed to a $212 million settlement with shareholders over iBuying business collapse.
CEO Statement on Settlement
CEO Jeremy Wacksman called the settlement a one-time charge and said legal costs will become normalized.
“We didn’t expect these cases to impact business”
Revenue and Cash Position
Zillow’s revenue rose 7% year over year to $724 million with $700 million in cash and investments.
Traffic and Competition
Zillow’s traffic fell 3% to 215 million users as Compass International Holdings sued over listing guidelines.
The essence
Zillow lost $158 million in Q3 following a proposed $212 million settlement for its iBuying business collapse.
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