Zillow Investor Presentation
Rentals: #1 Traffic and >IM Listings Driving Substantial Growth
Combination of #1 rental traffic, >IM unique listings, and operational execution creates substantial future opportunity
#1 Rental Traffic¹
>IM Unique Rental Listings
(Millions)
39
38
37
36
35
55
Accelerating Multifamily Property
and Revenue Growth
(Thousands)
37
Accelerating Total
Revenue Growth
($ Millions)
$99
$93
$91
34
31
1.5
1.3
1.2
1.1
1.0
0.9
34
1.7
1.7
35
32
32
$74
30
$68
52%
28
42%
33%
34%
14%
Q1'22
Q2'22
Q3'22 Q4'22 Q1'23 Q2'23 Q3'23 Q4'23
Q4'22
Q1'23
I Zillow Rental Unique Users² (Millions)
Total Rental Listings (Millions)
Q2'23
Q3'23
37%
34%
28%
21%
13%
Q4'23
Q4'22
Q1'23
Q2'23
Q3'23
Q4'23
Multifamily Properties (Thousands)
— Y/Y Multifamily Revenue Growth (%)
1. Comscore data as of December 2023.
2. Zillow Group internal data for average monthly unique visitors on rental listings on Zillow, Trulia and HotPads mobile apps and websites.
3. Includes Zillow, Trulia and HotPads mobile apps and websites.
I Rentals Revenue ($ Millions) Y/Y Growth (%)
21
ZILLOW GROUPView entire presentation