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Homes

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Mortgages

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

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

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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

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Earnings data Q1 2024

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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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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.

Zillow abandoned its largest source of revenue in 2021, but now operates a much healthier business. It's focused on real estate services and is even experimenting with AI to help homebuyers.

Down 77%, Here's Why Zillow Stock Is a Buy Hand Over Fist

Redfin

Last week's earnings announcements from Redfin and Zillow Group suggest a prolonged slowdown in housing market activity.

What Redfin and Zillow earnings say about the state of the housing market

Zillow's first-quarter results may not seem impressive but landed well ahead of earlier guidance and market expectations. Zillow says it gained 1,300 basis points of market share of total industry revenue.

Does Zillow Stock Finally Have Curb Appeal?

Zillow Group, Inc. (NASDAQ:Z ) Q1 2023 Earnings Conference Call May 3, 2023 5:00 PM ET Company Participants Bradley Berning - VP, IR Richard Barton - Co-Founder, CEO & Director Allen Parker - CFO Jeremy Wacksman - COO Conference Call Participants John Campbell - Stephens Inc. Ronald Josey - Citigroup Bradley Erickson - RBC Capital Markets Jay McCanless - Wedbush Securities Thomas White - D.A. Davidson & Co. Ryan McKeveny - Zelman & Associates Operator Good afternoon.

Zillow Group, Inc. (Z) Q1 2023 Earnings Call Transcript

Zillow Group Inc.'s revenue was slashed by nearly 90% in the first quarter of 2023, and that was on purpose.

Zillow's revenue fell nearly 90%, but the stock is still headed higher after earnings — Here's why

SEATTLE , May 3, 2023 /PRNewswire/ -- Zillow Group, Inc. (NASDAQ: Z and ZG), which is transforming the way people buy, sell, rent and finance homes, today announced its consolidated financial results for the three months ended March 31, 2023. Complete financial results for the first quarter and outlook for the second quarter of 2023 can be found in our shareholder letter on the Investor Relations section of Zillow Group's website at https://investors.zillowgroup.com/investors/financials/quarterly-results/default.aspx.

Zillow Group Reports First-Quarter 2023 Financial Results

Zillow Group CEO Rich Barton has been through several technology evolutions.

Zillow Group rolls out ChatGPT tool, sees conversational AI as a growth opportunity

Zillow Group beat estimates for Q1 revenue and profit as it deals with a slumping housing market.

Zillow Group tops Q1 estimates with $469M in revenue amid ‘challenging' housing market

Zillow®, the most visited real estate website in the U.S., has developed a new ChatGPT plugin for real estate. With a new ChatGPT plugin, Zillow is testing more ways for customers to find and get into their next home.

Zillow builds ChatGPT plugin for real estate searches

Bernstein analyst Nikhil Devnani isn't ready to turn bullish on shares of Zillow Group Inc., but he sees the company as “closer to the floor.”

Zillow is faring ‘better than the rest' in tough climate, analyst says in upgrade

15% more borrowers purchased mortgage points in 2022 than 2021, and continue to do so as interest rates hover around 6% SEATTLE , April 26, 2023 /PRNewswire/ -- Interest rates remain high and home buyers are looking for ways to save money, including buying mortgage points. A recent analysis of data from the Home Mortgage Disclosure Act (HMDA) by Zillow Home Loans finds nearly 45% of conventional primary home borrowers opted to purchase mortgage points in 2022 as a way to reduce their monthly payment.

More buyers are purchasing mortgage points as a way to ease monthly costs

Zillow: Invest During The Recession, And You'll Be Grateful Later

Now that it's out of iBuying, Zillow needs to perform flawlessly to get back in investors' good graces.

4 Burning Questions for Zillow

Conference Call to be Webcast Live at 2 p.m. PT / 5 p.m.

Zillow Group to Announce First-Quarter 2023 Results May 3

Volatile mortgage rates are changing what some potential home buyers can afford from week to week, requiring a smarter way to shop

Zillow's new search tool helps buyers find homes they can afford

Opendoor

Property Technology, or PropTech, is an industry that centers around the digital transformation of the legacy property industry. This includes the use of software and technology tools to automate various processes and improve the customer (buyer/renter) or landlord (owner) experience.

2 PropTech Stocks Poised for a Turnaround

Zillow Group Inc  (NASDAQ:Z) stock is down 1.5% to trade at $42.61 at last check, but has added over 32% in 2023.

Zillow Group Stock's Technical Ceiling Won't Last

Investors need to be prepared for near-term underperformance before we see recovery in performance, likely in 2H23 or 1H24. ZG continues to maintain its leadership position.

Zillow Group: Upside Is Still Attractive With Focus On FY25

The U.S. Federal Reserve has been increasing interest rates at the most aggressive pace in its history. The real estate sector has been one of the hardest hit, but there could be some relief around the corner.

2 Stocks Down 79% and 91% That Could Soar in the Second Half of 2023

Relatively high rates are keeping new listings low, frustrating willing buyers New listings are at a record low for February, contributing to an incredibly low supply.  Sales activity lost momentum in February as rates rose.

Buyers are in the game, but interest rates are keeping sellers on the bench

Disney

Electronic Arts

Match Group

Trade Desk

TechTarget

Twilio

Verizon

ZoomInfo Technologies

Despite continued macro headwinds, pockets of opportunity remain among the best communication services stocks.

Best Communication Services Stocks to Buy Now

Zillow Group, Inc.'s largest shareholders, its management team, are down 70% from the stock's highs two years ago. Zillow is determined and highly incentivized to reshape its business.

Zillow Group: Positive Change Is Coming

Newmark Group

Broadmark Realty Capital Inc.

loanDepot

Rocket Companies, Inc.

Due to a combination of macroeconomic challenges and affordability constraints, investors should be aware of the real estate stocks to avoid. Admittedly, the contrarian narrative initially seems compelling.

7 Real Estate Stocks to Avoid as the Market Flip-Flops

Economists surveyed by Zillow predict home-price slide will end this year The panel forecasts prices to slide 1.6% in 2023; growth over the following four years is expected to average 3.5%, equivalent to the long-term average. New home sales are expected to decline to near 2016 levels this year.

Expert panel expects home prices will grow at a steady pace starting in 2024

High inflation, rising mortgage rates and tighter Fed policy all "dampen the prospect of home prices avoiding a decline," Redfin's deputy chief economist told Insider.

News for Zillow Stock (Z)