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Z Q2 2026 Earnings

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Rich Barton — Chief Executive Officer

Improving outcomes for buyers, for sellers, for agents, for loan officers, and for Zillow. We are making progress toward our $1 billion incremental revenue opportunity in for sale. Since the beginning of 2025, we have added an incremental $287 million of for sale revenue, nearly a third of our goal.

Jeremy Wacksman — Chief Executive Officer

Now turning to rentals.

Rich Barton — Chief Executive Officer

Nearly every buyer starts out as a renter. And for millions of people, renting is in the stepping stone.

Jeremy Wacksman — Chief Executive Officer

It's where they are for the long term. And for millions of people, renting is in the stepping stone. It's where they are for the long term than to buy or sell. In recent years, many consumers have been looking at buying or renting options at the same time.

And Zillow is uniquely positioned to help them. And Zillow is uniquely positioned to help them. And Zillow is uniquely positioned to help them.

Rich Barton — Chief Executive Officer

Thank you very much. Thank you for watching. I.S.R. and other digital marketing companies, including Cerberus and other digital marketing companies, fail, but when they bring in a new brand of the brand, including Cerberus, they keep seeing significant opportunities.

If an opportunity for a new brand of the brand is coming, we see significant opportunities. If an opportunity for a new brand of the brand is coming, we see significant opportunities. We're also bringing in some of the renters that are already on the clock. Some of the renters that are already on the clock.

Thank you for watching. Before I turn it over to Dillow, I want to talk about how Dillow has been working in the space for a long time. Dillow has been working in the space for a long time. Dillow has been working in the space for a long time.

It's been a noisy year. It's been a noisy year. It's been a noisy year. It's been a noisy year.

Thank you. Thank you for joining us. Jeremy Hofmann, Jeremy Hofmann, Jeremy Hofmann, Jeremy Hofmann, Jeremy Hofmann, Jeremy Hofmann, Jeremy Hofmann, Jeremy Hofmann, and Stepping Down in China, China, China, China, China. We are also welcome to join the conversation with Vice President and Vice President-in-Chief of the U.S. Government.

She serves as the Director-in-Chief of the U.S. Government. including all of you. Thank you. Thank you.

Jeremy Wacksman — Chief Executive Officer

Thank you for watching.

Rich Barton — Chief Executive Officer

Thank you for watching. We'll see you next time. Thank you for watching. Both revenue and EBITDA.

We report an 8-9 call. We report an 8-9 call. We report an 8-9 call. Thank you for watching.

Thank you for watching. Primarily, Zuhaira Tulloss showcased the impact of Zuhaira Tulloss on the American market.

Jeremy Wacksman — Chief Executive Officer

Zuhaira Tulloss showcased the impact of Zuhaira Tulloss on the American market. Zuhaira Tulloss showcased the impact of The 80% of the purchase loan rate was the 80% of the purchase loan rate. The purchase loan rate was 95%. The purchase loan rate was 95%.

The purchase loan rate was 95%. Thank you for watching! Out of our 4-0, our 4-0, our 4-0, our 4-0, our 4-0, our 4-0, our 4-0, our 4-0, Affordability Challenge is on the board. Returning to revenue.

and many more. Thank you very much. and their existing property managers were upgraded to $2.5 million for $5 and $6.9 million. Jun Choo, Lloyd Frink, Richard Barton, Zuhairah Scott Washington, Bradley Owens, Bradley Allen Berning, Errol Samuelson, Dan Spaulding, Jennifer Rock, Soumya Tulloss, Jeremy Wacksman

Rich Barton — Chief Executive Officer

We ended the quarter with $734,000 in actions.

Jeremy Wacksman — Chief Executive Officer

We ended the quarter with $734,000 in actions. We ended the quarter with $734,000 in actions. We ended the quarter with $734,000 in actions. Thank you for watching.

See you next time. and the rest of the board. This strong, strong, strong, strong, strong, strong, strong, and the near and near and near and near and near and near and many more. Thank you very much.

We expect that nearly all connections will be served. We expect that nearly all connections will be served. and I'm highly motivated to thank you for joining us today. and Converter.

Thank you. Thank you for watching. and I've won it by the end of the year. I've won it by the end of the year.

I've won it by the end of the year.

Rich Barton — Chief Executive Officer

I've won it by the end of the year. Thank you for watching. We believe this acceleration is quite near the regular rate, but there are three important nuances. One is a shift in revenue.

One is a shift in revenue.

Jeremy Wacksman — Chief Executive Officer

One is a shift in revenue. and the third is a different issue, the first is a shift in our program, and then the first is a shift in our sale. For more information, visit www.fema.gov. and many more.

Thank you very much. In the first half, we expected to win the first half. We expected to win the first half. We expected to win the first half.

We expected to win the first half. Thank you for watching. We expect this headroom to moderate. We expect this headroom to moderate.

Thank you for watching. Zillow Preferred Revenue Zillow Preferred Revenue Zillow Preferred Revenue Zillow Preferred Revenue Zillow Preferred Revenue We expect this seasonality trend to reverse.

Rich Barton — Chief Executive Officer

We expect this seasonality trend to reverse. and more and more and more and more and more and more and more

Jeremy Wacksman — Chief Executive Officer

Yesterday, we announced that we had a lot of additional details. Yesterday, we announced that we had a lot of additional details. We announced that we had a lot of additional details. Thank you for watching.

and a number of others. Thank you for watching. Dan Spaulding, Dan Spaulding Thank you for watching. We continue to expect approximately...

For the rest of the rest of the rest of the rest of the rest of the rest of the Thank you for listening. and many more. Thank you. Additional, additional, additional, additional, additional, additional, additional, .

. . . .

. . . We are moving by the we are on track.

We are on track. We are on track. We are on track.

Rich Barton — Chief Executive Officer

Without operator, we will open the line for questions. We will wait one moment to assemble the queue. Our first question will come from Ryan Zelman.

Jeremy Wacksman — Chief Executive Officer

Great, thank you for all the detailed questions. I'm going to start with a couple of them. Thank you for all the detailed questions.

Rich Barton — Chief Executive Officer

I'm going to start with a couple of them. No change in strategy. No change in strategy. No change in strategy.

No change in strategy. and so on and so forth. We obviously wish you all the best. We obviously wish you all the best.

We obviously wish you all the best.

Jeremy Wacksman — Chief Executive Officer

I've been here for an hour and a half, and I've been working for the law all throughout the years. I've been here for an hour and a half, and I've been working for the law all throughout the years. and many more. Thank you.

I can take that one. Thank you guys. Thank you guys.

Rich Barton — Chief Executive Officer

Thank you guys.

Jeremy Wacksman — Chief Executive Officer

or of course, if you guys want to start correcting the questions, one, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, on Google, on Google, on Google, on Google, The Big Reason why we don't see the big reason why we don't see and a number of others.

Rich Barton — Chief Executive Officer

There's always going to be change. There's always going to be change. There's always going to be change. There's always going to be change.

Some of the answers to your second question are legal. Some of the answers to your second question are legal. Some of the answers to your second question are legal. Legal cases are legal.

Legal cases are legal. Legal cases are legal. Legal cases are legal. Legal cases are legal.

Legal cases are legal. Legal cases are legal. Thank you for watching. Our next question comes from Brad Erickson.

Our next question comes from Brad Erickson. Our next question comes from Brad Erickson. Our next question comes from Brad Erickson. Our next question comes from Brad Erickson.

Jeremy Wacksman — Chief Executive Officer

Thank you. and then second, second, and then second, and then second, and then second, and then second,

Rich Barton — Chief Executive Officer

and a couple of these fellows, and they were so happy to hire them. And I think it's a good thing. And I think it's a good thing. Maybe I'll take rentals.

Maybe I'll take rentals. You're right.

Jeremy Wacksman — Chief Executive Officer

You're right.

Rich Barton — Chief Executive Officer

You're right. You're right. and a lot of other friends. We are really, really, really, really, really, really, really, really, really, Thank you very much.

Thank you. and a number of others. We're moving forward. We're moving forward.

Jeremy Wacksman — Chief Executive Officer

and you're seeing that, and you're seeing that, and you're seeing that, and you're seeing that, and you're seeing that, and you're seeing that, and you're seeing that, and you're seeing that, and all of that community. And all of that company. And that's why we're doing this. And that's why we're doing this.

Thank you for watching. What did I say? What did I say? and then obviously, and then obviously, and the last members to keep in mind are the mid-sized companies, and the last members to keep in mind are the mid-sized companies, and the mid-sized companies, and the mid-sized companies, and the mid-sized companies, Our next question will come from our next question.

and a number of others. Thank you for watching. Thank you. Thank you.

Thank you. but there's three of us that get to go back to the legacy. We monetize the legacy. We monetize the legacy.

We monetize the legacy. We monetize the legacy. We monetize the legacy. Thank you for watching.

and the rest of the group. Thank you for watching. The second is a lag, the second is a lag, and the second is a lag, and the second is a lag, and the second is a lag, and the second is a lag, Thank you for watching! and a whole bunch of other people that have shipped to my brand.

Let me tell you this. The first is the first is the first is the first is the first is the first is the first is the first is the first is the first is the first and a few more. Thank you for watching. and what we've seen from the very last few seasons of the Rock Heroes.

We're very, very excited about this season, and I think that it's going to be a really, really, really, really, really, really, really, really, really, really, really, really,

Rich Barton — Chief Executive Officer

and then on social media sites, great, great, great, great, great. I don't think I get it all back together. I don't think I get it all back. Thank you very much.

That's great. Thanks for the call. Our next question is from Nick Jones. Our next question is from Nick Jones.

Thank you. Thank you. Thank you. ...

... ... ... ...

... We're shipping faster now. We're shipping faster. .

. . . .

. . . Thank you for watching.

We're tremendously excited about it, and we can still do a far better job. Thank you very much. Thank you for watching.

Jeremy Wacksman — Chief Executive Officer

and many, many more. Thank you. Thank you for watching.

Rich Barton — Chief Executive Officer

Our next question will come from Lloyd Wongsley. Our next question will come from Lloyd Wongsley. and many, many, many, many, many, many, many, Thank you for joining us. You said $30,000, $30,000, $30,000, $30,000.

Where do you think that goes? Where do you think that goes? Where do you think that goes? Where do you think that goes?

Jeremy Wacksman — Chief Executive Officer

and a number of friends who were in that class. So it's that one list that works, that one list that's useful, that one list that works, that one list that's useful. And then there's also that one list that's useful, that one list that's useful, that one list that's useful. Thanks for watching!

So that's how we do it. And that's how we're going to do it. And that's how we're going to do it. Thank you very much.

and so on and so on and so on and so on.

Rich Barton — Chief Executive Officer

Thank you for watching. Daniel, Daniel, Daniel, Daniel, Daniel, Daniel, Daniel, Can you use these things? Can you use these things? Can you use these things?

Can you use these things? and many, many more. Our last question will be from the panel. Our next question will be from the panel.

Our next question will be from the panel. and I swear to God, we have come a long way in the road and in the right direction. We have come a long way in the road and in the right direction. We have come a long way in the road and in the right direction.

We have come a long way in the road and in the right direction. Thanks, Gary. Thanks, Gary.

Jeremy Wacksman — Chief Executive Officer

So we've got a lot going on here. So we've got a lot going on here. Thank you. Got it.

Thank you.

Rich Barton — Chief Executive Officer

Thank you all for joining us. Thank you all for joining us. Thank you all for joining us. You may now disconnect.

Participants

Rich Barton

Chief Executive Officer

Jeremy Wacksman

Chief Executive Officer

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