Revenue segments as reported by the company.

Homes

Residential

Rentals

Other

Mortgages

Revenue Segments

Gross Profit, Operating Income, and Net Income as a percentage of Revenue

Gross Margin

Operating Margin

Profit Margin

Margins

An operating expense is an expense a business incurs through its normal business operations. Often abbreviated as OPEX.

Technology & Development

Impairment costs

Acquisition-related costs

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Impairment and restructuring costs

Operating Expenses

Year over year growth in Revenue and Operating Expenses.

Revenue Y/Y

OpEx Y/Y

Growth

Shares outstanding refer to a company's stock currently held by all its shareholders, including share blocks held by institutional investors and restricted shares owned by the company's officers and insiders.

Outstanding Shares

Market Cap

Also known as Price/Sales Ratio. Calculated using Average market cap for the quarter / Annualized quarterly revenue.

Revenue Multiple

Zillow

Zillow Group, Inc. engages in the provision of real estate and home-related information marketplaces on mobile and the web. It operates through the following segments: Internet, Media & Technology (IMT), Homes and Mortgages segment. The IMT segment includes premier agent, rentals and new construction marketplaces, as well as dotloop, display and other advertising and business software solutions. The Homes segment includes Zillow Group's buying and selling of homes directly. The Mortgages segment includes advertising sold to mortgage lenders and other mortgage professionals, mortgage originations through MLOA and the sale of mortgages on the secondary market, as well as Mortech mortgage software solutions. The company was founded by Richard N. Barton and Lloyd D. Frink in December 2004 and is headquartered in Seattle, WA.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Zillow exits iBuying, reports strong Q4 earnings, eyes growth pillars

Zillow Group's strategic shift towards increasing customer transaction share and building a housing super app reflects a commitment to innovation and growth in a challenging market environment.
Despite short-term challenges and market uncertainties, Zillow's strong financial performance in Q4 and strategic outlook for Q1 position the company for long-term success and market leadership.
By focusing on customer-centric strategies, product innovations, and revenue diversification, Zillow aims to drive share growth, enhance customer experience, and solidify its position in the real estate market.

Zillow beats Q1 expectations, eyes growth in AI and loans

Zillow Group's Q1 performance exceeded expectations, with strong revenue and EBITDA figures.
The company's focus on AI, real-time touring, and Zillow Home Loans presents growth opportunities.
Challenges include market forecast declines and the need to enhance lead conversion strategies.
Opportunities lie in leveraging Premier Agents, real-time touring, and improving the digital mortgage experience.

Zillow surpasses Q2 revenue expectations, eyes AI and market expansion

Zillow's Q2 2023 earnings call highlighted robust financial performance, strategic investments in technology, and market share gains across key segments. The company's focus on innovation, partnerships, and operational efficiencies positions it well to navigate challenges and capitalize on growth opportunities in the real estate industry.

Zillow reports robust Q3 revenue growth amidst industry challenges

Zillow's Q3 performance showcased revenue growth and strategic acquisitions, underscoring its resilience in the face of industry challenges.
Despite facing lawsuits and market uncertainties, Zillow's strong position, unique assets, and growth strategies position it well for future opportunities.
Challenges in commission transparency, mortgage rates, and financial optimization require careful management, but Zillow's proactive stance and market strengths offer avenues for growth.
Opportunities in market transitions, service enhancements, product expansion, and Rentals business growth provide avenues for Zillow to capitalize on evolving real estate dynamics.

Zillow reports strong Q4 earnings, eyes double-digit growth in 2024

Zillow's Q4 performance reflects revenue growth, operational strengths, and strategic positioning for future expansion.
While facing challenges in integration and cost management, Zillow is poised for double-digit growth in 2024 with a focus on key opportunities.
The company's emphasis on real-time touring, rental growth, and product integration underscores its commitment to innovation and market leadership.

Zillow exceeds Q1 expectations, eyes double-digit growth and tech innovation

Zillow's Q1 performance reflects strong revenue growth, operational efficiency, and a positive outlook for 2024, driven by strategic initiatives and market focus.
The company's strengths lie in consumer-centric solutions, Rentals business growth, and innovative technologies enhancing customer engagement and sales.
Challenges include market dynamics impacting first-time homebuyers, the need for continued innovation, and effective management of rental properties.
Opportunities for Zillow include growth pillars like Rentals and Listing Showcase, market expansion, and leveraging technology for enhanced customer experiences.

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Cost of revenue

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SG&A

Operating income

EBITDA

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Minority interest

Total liabilities & equity

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Book value per share

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Change in stock

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Free cash flow

Zillow Group, Inc. engages in the provision of real estate and home-related information marketplaces on mobile and the web. The company was founded by Richard N. Barton and Lloyd D. Frink in December 2004 and is headquartered in Seattle, WA.

Redfin

Redfin and Zillow Group‘s second-quarter earnings reports point to more pain in the real estate market as limited housing supply and climbing mortgage rates throttle transaction volume.

Zillow and Redfin earnings reports reflect slumping real estate market

Zillow Group, Inc. (NASDAQ:Z ) Q2 2023 Earnings Conference Call August 2, 2023 5:00 PM ET Company Participants Bradley Berning - Vice President of Investor Relations Richard Barton - Co-Founder, Chief Executive Officer & Director Jeremy Hofmann - Chief Financial Officer Jeremy Wacksman - Chief Operating Officer Conference Call Participants Bradley Erickson - RBC Capital Markets Ronald Josey - Citigroup Mark Mahaney - Evercore ISI Ryan McKeveny - Zelman & Associates Thomas White - D.A. Davidson & Co. John Campbell - Stephens Inc. Brian Fitzgerald - Wells Fargo Dae Lee - JPMorgan Operator Good afternoon.

Zillow Group, Inc. (Z) Q2 2023 Earnings Call Transcript

Zillow Group revenue rose slightly to $506 million in the second quarter, well ahead of its prior guidance of $451 million to $479 million for the three months ended June 30, the company reported Wednesday afternoon.

Zillow Group tops expectations but feels ongoing headwinds from tough housing market

The real estate technology company says it expects revenue of $458 million to $486 million in its third quarter, lower than consensus estimates. The stock dropped in after-hours trading.

Zillow Stock Falls After Revenue Beat

Zillow Group Inc. ZG shares declined in the extended session Wednesday after the real-estate site topped Wall Street expectations for the quarter, but its outlook didn't. Zillow shares declined as much as 3% after hours, following a 2% decline in the regular session to close at $54.23.

Zillow stock slips as outlook falls short of Street view

Seattle real estate giants Zillow Group and Redfin announced a rare syndication partnership Tuesday related to the sharing of new construction listings.

Real estate rivals Zillow and Redfin partner to share new construction listings

Zillow Group Inc. Z, +2.16% ZG, +1.73% and Redfin Corp. RDFN, +0.40% announced a partnership Tuesday, as the real estate information and services companies work together to help home builders connect with home buyers. Zillow's stock rallied 2.3% in afternoon trading toward a 16-month high, while Redfin shares were little changed.

Zillow, Redfin announce a partnership aimed at connecting home builders with home buyers

Home builders partnering with Zillow will now have their listings and communities automatically syndicated to Redfin, expanding the visibility of these homes to potential buyers SEATTLE , Aug. 1, 2023 /PRNewswire/ -- Zillow® Group's new-construction listings will soon be automatically syndicated to Redfin, connecting home builders with motivated buyers on both platforms. The strategic partnership will dramatically expand the reach of home builder listings on Zillow and allow Redfin customers to explore a broader range of new-construction homes for sale, creating a seamless home-buying experience.

Zillow and Redfin announce partnership to help buyers and home builders connect

D.R. Horton

Opendoor

On July 26, the Federal Reserve is likely to raise interest rates by 25 basis points (0.25%). As much hype as analysts put on the Federal Reserve's decision, the announcement itself tends to be a non-event.

3 Housing Stocks to Avoid as Interest Rates Rise

Housing is showing signs of recovery, and that should be good for Zillow.

Is Zillow the Best Housing Stock?

In a market focused on artificial intelligence (AI), semiconductors, cloud software and cryptocurrency winners, real estate tech players are quietly having themselves a year. Opendoor Technologies shares have risen more than 300%.

Zillow's Stock Is Hot

But the tide for buyers could be turning as homes are taking longer to sell  The typical U.S. home value breached $350,000 for the first time, eclipsing the previous peak last July. The number of homes coming onto the market is closer to a normal October than a typically faster-paced June.

Home values reach new peak as owners hang on to houses

Zillow: Solid Performance In A Tough Housing Market, Hold

Compass

Experts say that homebuyers are starting to get used to the 7% mortgage rate. Analysts at Piper Sandler upgraded Zillow this morning.

Why Shares of Zillow, Redfin, and Compass Are Rising Today

Zillow Group Inc  (NASDAQ:ZG) stock is up 8.2% to trade at $50.43 at last check, after Piper Sandler upgraded it to "overweight" from "neutral," and raised its price target to $62 from $42, which is 33% higher than its last close.

Zillow Group Stock Surges on Lofty Analyst Bull Note

Zillow (NASDAQ: Z ) stock is on the rise Tuesday after the tech real-estate marketplace company's shares got an upgrade from Piper Sandler analyst Thomas Champion. The Piper Sandler analyst upgraded shares of Z stock from a “neutral” rating to an “overweight” rating.

Why Is Zillow (Z) Stock Up 8% Today?

Piper Sandler analyst Thomas Champion upgraded shares of real estate platform Zillow to Overweight from Neutral, and lifted his price target to $62 from $42.

Zillow Stock Has More Than 20% Upside, Says Analyst

Shares of Zillow Group Inc. ZG, -0.02% Z, +0.19% were rising 5% in Tuesday's premarket action after Piper Sandler analyst Thomas Champion upgraded the stock to overweight from neutral. “We think an improving macro & share gains on top of easy compares sets up [Zillow] well into '24,” he wrote in a note to clients.

Zillow stock soars after Piper Sandler turns bullish

SEATTLE, July 10, 2023 /PRNewswire/ -- Zillow Group, Inc. (Nasdaq: Z and ZG) announced today that it will release second-quarter 2023 financial results after market close on Wednesday, August 2, 2023. The company will host a conference call and webcast to discuss its results that afternoon at 2 p.m. PT / 5 p.m. ET.

Zillow Group to Announce Second-Quarter 2023 Results August 2

After an awful performance during the market downturn, Zillow has come roaring back.

Zillow Is Up 60% This Year – Is Real Estate Back?

Zillow Group, Inc.'s core operations remain intact despite the negative investor sentiment caused by its iBuying ventures. Zillow has the potential to generate around $300 million in free cash flows by 2024, similar to its strong performance in 2020. The market has overreacted to Zillow's failed iBuying endeavors, overlooking the company's value proposition and potential for new revenue streams.

Zillow: Rebuilding Its Moat In The Real Estate Kingdom

Investors have grappled with soaring inflation and rising interest rates since mid-2021. But both of those trends appear to be reversing, which is one reason the stock market has rebounded convincingly this year.

1 Big Reason the Stock Market Is Surging -- and 2 Stocks to Buy Right Now

New Zillow and Thumbtack analysis identifies the additional costs home buyers can expect, including utilities, insurance, maintenance and property tax Homeowners can expect to pay $14,155 a year, or $1,180 a month, in hidden costs related to owning a home. These annual costs can be as high as $22,791 in the San Francisco metro area and as low as $9,886 in Las Vegas.

Hidden costs of homeownership can add up to nearly $15,000 annually

Support is growing among both homeowners and renters for "modest densification" or "missing middle" housing.  New housing types, including medium to large apartment buildings, gain majority support if built near transit and amenities.

More than 4 in 5 adults support building more homes in their neighborhood to boost housing affordability

Zillow continues to demonstrate strong performance and execution, tracking toward its long-term revenue and margin targets, despite a challenging macro environment. The company has outperformed in its Premier Agent segment, gaining market share and showcasing the effectiveness of its innovative offerings. ZG's ability to consistently innovate and drive new products, coupled with its investment in AI and data utilization, positions the company favorably for future growth.

News for Zillow Stock (Z)