• Zillow average ebitda margin for 2023 was -1.8%, a 112.26% decline from 2022.
• Zillow average ebitda margin for 2022 was 14.68%, a 28.21% decline from 2021.
• Zillow average ebitda margin for 2021 was 11.45%, a 2962.5% increase from 2020.

Ebitda margin can be defined as earnings before interest, taxes, depreciation and amortization as a portion of total revenue.