Realtor.com just posted its sixth consecutive quarter of revenue growth, and it did it while the broader housing market was still stuck in low gear.
In its FY26 Q3 (January through March 2026), the platform delivered 10% revenue growth, averaged 261 million monthly site visits, and held a 31% share of the U.S. real estate portal market. That visit share is six times that of Homes.com and three times that of Redfin.
And while existing home sales in March sat at just 3.98 million, well below the historical average, Realtor.com kept growing anyway.
Those results drew attention at the top of the organization. On the News Corp Q3 FY2026 Earnings Call, CEO Robert Thomson called it “the Renaissance of Realtor.” CFO Lavanya Chandrashekar pointed to revenue levels that are now outpacing the market’s prior peak.
Realtor.com is growing, not because the market is strong, but because the platform has been rebuilt from the ground up.
Here’s a closer look at what is driving the streak.
The Numbers Behind the Streak
The platform’s results at a glance:
- 10% total revenue growth in FY26 Q3
- Real estate revenues up 15%, representing 77% of total revenues
- Revenue from existing home sales now 20% above 2022 levels, the prior market peak
- Six consecutive quarters of growth, with multiple quarters of double-digit revenue increases
- March existing home sales at 3.98 million, well below the historical average
CEO Damian Eales outlined the progress in his FY26 Q3 recap, pointing to a platform that’s widened its lead in both traffic and engagement while continuing to build out its product suite.
On the audience side, Realtor.com’s position in the market is strong and getting stronger:
- 261 million average monthly site visits in Q3
- 31% share of the U.S. real estate portal market, compared to 12% for Redfin and 6% for Homes.com
- Ranked second most visited U.S. real estate portal, per Comscore
Engagement is where the platform’s lead stands out most clearly. Realtor.com averaged 5.3 visits per unique user in Q3, up from 4.8 in Q2, and it’s outpacing every major competitor:
- Zillow: 3.5 visits per unique user (Realtor.com outperforms by 1.5x)
- Redfin: 2.9 visits per unique user (Realtor.com outperforms by 1.8x)
- Homes.com: 1.9 visits per unique user (Realtor.com outperforms by 2.8x)
Six straight quarters of revenue growth is a streak worthy of a shout-out, especially when it’s happening against one of the weakest housing markets in recent memory.
In its fiscal Q3, Realtor.com’s real estate revenues rose 15% and represented 77% of total revenues, continuing a run of double-digit increases that News Corp’s leadership has been vocal about.
News Corp CEO Robert Thomson put it this way on the Q3 FY2026 Earnings Call:
“The Renaissance of Realtor has really preceded the recovery of the overall US housing market, which remains subject to vicissitudes of mortgage rates. And in fact, at Realtor, core real estate revenues rose by 15% and represented 77% of total revenues despite the sluggishness of the market. “Now we, and obviously aspiring property owners, are subject, to a certain extent, to the whims and wisdom of the FOMC and their rulings, but what this accelerating revenue increase at Realtor, and we’ve had successive quarters of double digit increases in revenue, tells you is that the team has done an extraordinary job in building the base, sorting out the software, and is also benefiting from targeting higher premium homes, which of themselves bring higher premiums and building on the successful expansion into adjacencies, including seller, new homes, and rentals. “And so when you look at March existing home sales, which are a paltry 3.98 million homes, well below the historical average. So the stat suppressed demand will at some stage be emancipated, and Damien Eales and the team have ensured that Realtor is primed to take full advantage of any uptick.”
What makes the streak more impressive is where revenue stands relative to the last time the housing market was firing on all cylinders.
CFO Lavanya Chandrashekar offered that context on the same call:
“Damian and the team have done an absolutely brilliant job. Visit shares are up at 31% which is six times that of Homes.com and three times that of Redfin. We continue to invest in the brands, and you can see the benefit of that flowing through. “I mentioned in my prepared remarks that revenue for existing home sales are now at a 20% higher level than they were in 2022, and the reason I’m calling that 2022 is because it was kind of the high water mark from a housing perspective. But you can imagine that with this much higher revenue per house now, as the real estate market comes back, as Robert mentioned, we are positioned to really take full advantage of it.”
What’s Driving the Growth
Realtor.com’s revenue streak reflects steady investment in its audience, its products, and its industry relationships.
The product roadmap has also been active. Realtor.com launched its app inside ChatGPT, giving buyers a new way to search homes and explore affordability during the pre-search stage of the homebuying journey.
The platform also unveiled the Realtor.com Market Clock, a visual tool that tells both professionals and consumers at a glance whether a local market favors buyers or sellers.
On the industry side, Realtor.com+ is gaining traction, with continued MLS signings and strong early agent adoption.
Perhaps the most talked-about move of the quarter was the announced collaboration with Zillow.
Here’s how CEO Damian Eales described the thinking behind it:
“Starting this summer, Zillow Preview Listings will be available as Realtor.com Preview Listings on Realtor.com, bringing these pre-market homes to the two most-visited real estate platforms in the country, with no special login or brokerage relationship required. “This collaboration reflects our longstanding commitment to the open marketplace: ensuring sellers receive free, ubiquitous promotion of their property and buyers can find any home with nothing more than an internet connection.”
Beyond the product work, Realtor.com has kept its brand visible on the issues that matter to buyers and the industry alike. The HomeGrown campaign, launched at SXSW in March, makes the case for homeownership as a long-term wealth-building tool.
The ongoing Let America Build initiative keeps the focus on housing supply, on the premise that helping more people buy homes starts with building more of them.
Growth in a down market takes deliberate effort. Realtor.com’s FY26 Q3 results suggest that effort is compounding.
Here’s how Eales summed up the quarter:
“All of this was accomplished against the backdrop of a challenging housing market. We have grown through it by investing in our audience, our products and our partnership with the industry.”
