Zillow Group, Inc. (Z) Q3 2025 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:05.018 Hello, and welcome to Zillow Group's third quarter 2025 financial results call. 00:00:05.018 -- 00:00:08.963 We ask that you please hold all questions until the completion of the formal remarks, 00:00:08.963 -- 00:00:12.968 at which time you will be given instructions for the question and answer session. 00:00:12.968 -- 00:00:16.093 Also, as a reminder, this conference is being recorded today. 00:00:16.093 -- 00:00:18.856 If you have any objections, please disconnect at this time. 00:00:18.856 -- 00:00:21.023 Brad, you may begin. 00:00:21.023 -- 00:00:25.428 Thank you, good afternoon, and welcome to Zillow Group's quarterly earnings call. 00:00:25.428 -- 00:00:30.074 Joining me today to discuss our results are Zillow Group CEO, Jeremy Waxman, and CFO, 00:00:30.074 -- 00:00:34.600 Jeremy Hoffman. During today's call, we will make forward-looking statements about our 00:00:34.600 -- 00:00:40.027 future performance and operating plans based on current expectations and assumptions. 00:00:40.027 -- 00:00:44.332 These statements are subject to risks and uncertainties, and we encourage you to consider 00:00:44.332 -- 00:00:48.732 the risk factors described in our SEC filings for additional information. 00:00:48.732 -- 00:00:52.737 We undertake no obligation to update these statements as a result of new information 00:00:52.737 -- 00:00:55.860 or future events, except as required by law. 00:00:55.860 -- 00:00:59.985 Please review the cautionary statement and additional information in our earnings release, 00:00:59.985 -- 00:01:03.009 which can be found on our investor relations website. 00:01:03.009 -- 00:01:06.793 This call is being broadcast on the internet and is available on our investor relations 00:01:06.793 -- 00:01:10.670 website. ...