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

Integration costs

Restructuring costs

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.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

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.

KE Holdings

Investors looking for stocks in the Real Estate - Operations sector might want to consider either KE Holdings Inc. Sponsored ADR (BEKE) or Zillow (Z). But which of these two companies is the best option for those looking for undervalued stocks?

BEKE vs. Z: Which Stock Should Value Investors Buy Now?

Starbucks

Starbucks has been on my radar for quite some time, and I finally decided to buy shares after the post-earnings drop. Zillow is a platform that I love to use, but I have serious concerns about its business in the coming years.

1 Beaten-Down Stock I Just Bought, and Another I Just Sold

Housing is changing and Zillow is leading the way.

1 Stock to Own As the Real Estate Market Is Turned Upside Down

Zillow Group's stock has declined almost -20% since my first coverage, confirming my sell rating at the time. Share performance has been volatile, reaching an all-time high in 2021 but declining since then as high interest rate environment continued to present headwinds. Strong rental performance may continue to accelerate growth. I upgrade Zillow Group to a buy rating with a 1-year price target of $45.

Zillow Group: Strong Rental Growth May Offset Possible Slowdown In Residential

Zillow Group outperformed adjusted EBITDA and revenue estimates for Q1. Zillow shares fell as much as 8% on it reduced second-quarter revenue forecast.

Zillow Q1 Results Improve, Cuts Q2 Outlook

Rising mortgage rates are a headwind for the listings site, the company says.

Zillow Is Treading Carefully. Wall Street Isn't Worried.

After reporting its first quarter 2024 earnings results, arguably the most important as they set the tone for the rest of the year, shares of Zillow Group Inc. NASDAQ: Z are trading lower by as much as 12% in the after-market hours following the announcement. While markets have enough evidence to dump the stock, they could ignore the big picture.

Zillow's Earnings Dip: An Opportunity for Visionaries

Zillow is hoping to make inroads in the touring business.

Zillow's Risky Real Estate Bet

Zillow Group, Inc. (NASDAQ:Z ) Q1 2024 Earnings Conference Call May 1, 2024 5:00 PM ET Company Participants Bradley Berning - VP, Strategic Affairs & IR Richard Barton - Co-Founder & CEO Jeremy Wacksman - COO Jeremy Hofmann - CFO Conference Call Participants Bradley Erickson - RBC John Campbell - Stephens Ronald Josey - Citigroup Mark Mahaney - Evercore ISI Ryan McKeveny - Zelman & Associates Chris Kuntarich - UBS Dae Lee - JP Morgan Operator Good afternoon. My name is Elliot.

Zillow Group, Inc. (Z) Q1 2024 Earnings Call Transcript

Zillow (Z) came out with quarterly earnings of $0.36 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.35 per share a year ago.

Zillow (Z) Meets Q1 Earnings Estimates

Online real-estate listing service Zillow Group Inc. on Wednesday forecast second-quarter sales that were below expectations, as a stalled housing market weighs on first-time homebuyer demand and pushes some real-estate agents to the sidelines.

Zillow forecasts slower second quarter, amid caution among first-time buyers and agents

SEATTLE , May 1, 2024 /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, 2024. Complete financial results for the first quarter and outlook for the second quarter of 2024 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 2024 Financial Results

Investors will watch for how—or whether—changes to commission rules will influence Zillow's future business.

Zillow's Sales Are Rising. Expect a Bigger Loss.

This could be the most valuable company in housing someday.

Zillow Stock: Everything You Need to Know

Compass

Offerpad Solutions

Redfin

Proptech stocks are having a bad year. Redfin (RDFN) stock price has crashed by over 62% this year while Offerpad (OPAD), Compass (COMP, and Zillow (Z) have plunged by over 26% and 27% this year.

Redfin, Offerpad, Zillow, Compass stocks are falling: here's why

Investors interested in stocks from the Real Estate - Operations sector have probably already heard of KE Holdings Inc. Sponsored ADR (BEKE) and Zillow (Z). But which of these two companies is the best option for those looking for undervalued stocks?

BEKE or Z: Which Is the Better Value Stock Right Now?

Listing Showcase is an immersive, AI-powered listing experience available only on Zillow  SEATTLE , April 16, 2024 /PRNewswire/ -- Screen appeal is the new curb appeal, and homes with Listing Showcase — immersive, AI-powered listings available only on Zillow® — capture more views, sell for higher prices and sell faster than similar homes on Zillow with traditional online listings. New Zillow data shows that Showcase listings are 20% more likely to secure an accepted offer within 14 days compared to similar typical listings on Zillow.1 Homes listed with Showcase also sell for 2% more, a bonus of more than $9,000 on the average home.

Showcase listings on Zillow are more than just cutting-edge -- featured homes sell faster and for more money

American Tower

Opendoor

The most oversold stocks in the real estate sector presents an opportunity to buy into undervalued companies.

Top 3 Real Estate Stocks That Could Lead To Your Biggest Gains This Quarter - American Tower (NYSE:AMT), Opendoor Technologies (NASDAQ:OPEN)

Zillow (NASDAQ: Z ) stock is a hot topic on Wednesday as the real estate platform company's shares get updated coverage from Jefferies analysts. Jefferies analyst John Colantuoni updated his price target for Z stock from $70 per share to $75 per share.

Why Jefferies Is Pounding the Table on Zillow (Z) Stock

A March legal settlement will result in lower realtor commissions on future home sales. This is likely to hurt demand for Zillow's flagship advertising and lead-generation services.

Why Did Zillow Stock Fall 11% Last Month?

SEATTLE, April 8, 2024 /PRNewswire/ -- Zillow Group, Inc. (Nasdaq: Z and ZG) announced today it will release first-quarter 2024 financial results after market close on Wednesday, May 1, 2024. 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 First-Quarter 2024 Results May 1

Top markets for first-time home buyers offer affordable options and peers living nearby St. Louis is the top major market in the U.S. for first-time home buyers.  Half of the 10 best markets for first-time buyers are in the Midwest.

Zillow names this year's best markets for first-time home buyers

NEW YORK , March 27, 2024 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Zillow Group, Inc. ("Zillow" or the "Company") (NASDAQ: Z). Such investors are advised to contact Danielle Peyton at newaction@pomlaw.com or 646-581-9980, ext.

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims on Behalf of Investors of Zillow Group, Inc. - Z

Commissions are getting a major overhaul, and it could affect Zillow in several ways.

Real Estate Commissions Are About to Plunge -- Should Zillow Investors Be Worried?

Zillow calls itself a “housing super app.” The stock has recently been hammered by fears over the freeing up of commissions, which help pay the bills.

News for Zillow Stock (Z)