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Homes

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Rentals

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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

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Earnings data Q1 2023

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Earnings data Q1 2024

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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.

Inventory deficit lessens while competition over attractive listings has them selling fast A deficit of new listings shrank to 1.2% below last year as total inventory rose 2.6% month over month. Mortgage payments have risen more than 4% in a month and almost 10% in a year.

Buyer demand hanging tough, despite rates and seasonal cooldown

Zillow reported better-than-expected Q3 results, with earnings per share of $0.33 and revenue of $496 million. Analysts have reduced their outlook for Q4, but remain optimistic about future growth in revenue and earnings. Bullish options bets suggest that Zillow's stock may rise above $43.33 by mid-August 2024.

Zillow's Big Stock Decline May Finally Be Over

Housing will recover eventually, and this is the stock that I think investors will want to own.

The Only Housing Stock You Need to Own

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Black families unable to buy homes due to a lack of credit are often stuck paying more in rent  Lack of access to credit is keeping many renters from homeownership, despite those renters living in areas where a monthly mortgage payment is less than rent. Areas with higher levels of credit insecurity tend to have higher populations of color, especially Black households — a legacy of redlining practices that were outlawed decades ago.

Redlining's legacy: New Zillow maps show the continuing barriers to homeownership in Black neighborhoods

Zillow's shares declined despite falling mortgage rates due to disappointment in its 4Q23 guidance and concerns about the recent verdict on the commission collusion case. The loss of the Sitzer/Burnett lawsuit could disrupt the commission structure of the residential real estate industry. International markets provide a guide on what this could mean for Zillow. With a dominant market position, I believe Zillow could be a massive beneficiary of large industry changes and see significant upside in the stock.

Zillow: Potential Industry Disruption Should Be A Big Positive

Zillow's stock has fallen after reporting Q3 results, but investors should view this as an opportunity to buy. Zillow is positioned to thrive in a world where buyers' agents are less prevalent due to a class action lawsuit against the NAR. Zillow's focus on its internet advertising business and potential for additional monetizable services make it a strong investment option.

Zillow: Look To The Long Term

Shares of Zillow Group Inc. NASDAQ: ZG were trading about 9% lower for the week of October 30 after a federal jury in Missouri ruled that the National Association of Realtors and some large real estate brokerages conspired to inflate realtor commissions.

Realtor verdict, poor revenue guidance send Zillow stock plunging

Zillow (NASDAQ:Z) reported better-than-expected third-quarter earnings, primarily driven by its marketing services for real estate agents, despite a sluggish housing market. The company's revenue for the quarter stood at $496 million, surpassing the average analyst estimate of $481 million.

Zillow beats 3Q expectations but faces uncertain outlook

Real estate platform Zillow Group outperformed the industry during the third quarter. Despite a 3% decline in residential revenue year over year (YoY), Zillow outperformed the industry decline of 14%, the company said in a Wednesday (Nov. 1) earnings release.

Zillow's Revenue Outperforms Industry as Real Estate Faces Headwinds

Zillow Group, Inc. (NASDAQ:Z ) Q3 2023 Earnings Conference Call November 1, 2023 5:00 PM ET Company Participants Bradley Berning - VP of IR Richard Barton - Co-Founder and CEO Jeremy Hofmann - CFO Jeremy Wacksman - COO Conference Call Participants Bradley Erickson - RBC John Campbell - Stephens Inc. Lloyd Walmsley - UBS Ryan McKeveny - Zelman & Associates Vincent Kardos - Jefferies Ronald Josey - Citigroup Thomas Champion - Piper Sandler Operator Good afternoon. My name is Lauren and I'll be your conference operator today.

Zillow Group, Inc. (Z) Q3 2023 Earnings Conference Call Transcript

Zillow Group Inc. late Wednesday posted quarterly results that were above analyst expectations, but the stock fell 4% as investors zeroed in on the real-estate company's weaker revenue outlook for the current quarter.

Zillow's stock drops 4% after real-estate company lowers revenue outlook

SEATTLE , Nov. 1, 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 September 30, 2023. Complete financial results for the third quarter and outlook for the fourth 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 Third-Quarter 2023 Financial Results

A Missouri jury's verdict that the National Association of Realtors colluded with brokerages to keep agent commissions high created a shockwave throughout real estate stocks earlier this week. Zillow (NASDAQ:Z) and others plunged on Tuesday after the ruling, which could change how Americans purchase homes, or specifically, how they pay for broker fees.

Zillow faces uncertain future after Missouri verdict shakes real estate stocks

Zillow is adding to its arsenal of agent tools with the acquisition of Follow Up Boss, a popular customer relationship management system for agents and brokers. Zillow is paying $400 million in cash up front, plus an additional $100 million cash earnout.

Zillow acquiring Follow Up Boss for up to $500M in quest for ‘housing super app'

Zillow Group's investment in the Follow Up Boss platform will further help teams and agents deliver great customer experiences, boost productivity and grow their businesses   SEATTLE , Nov. 1, 2023 /PRNewswire/ -- Zillow Group has entered into an agreement to acquire Follow Up Boss, a customer relationship management (CRM) system for real estate professionals. Follow Up Boss gives teams and agents a central hub to stay organized, engage customers, close deals and grow their production.

Zillow Group to acquire Follow Up Boss, an industry leader in customer relationship management

Redfin

Shares of real-estate names plunged Tuesday following a jury ruling that has the potential to shake up the way people purchase homes.

Here's why Zillow, Redfin and other real-estate stocks tanked after a jury ruling

Opendoor

All housing brokerage firms were down today in the wake of a major court decision. It adds insult to injury during the most challenging housing environment in years.

Why Redfin, Opendoor, and Zillow Plunged Today

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Zillow survey finds 35% of prospective buyers would buy a haunted house if it cost less Four in 10 prospective buyers could be convinced to buy a haunted house if it had the right features. Nearly 30% of prospective buyers say they would be more likely to purchase a home if it were haunted.

Nearly 70% of prospective buyers would buy a haunted house if it checked all their boxes

Zillow app also receives updates, which include improved navigation on for-sale listings and a way to simplify financing with the new Zillow Home Loans tab SEATTLE , Oct. 23, 2023 /PRNewswire/ -- Today Zillow® is launching a big update to the look and feel of for-sale property listings on its website, improving home shoppers' experience with a more intuitive and simplified layout. The enhanced design of for-sale property listings on Zillow.com offers a wider, single-scroll format, making it easier for home shoppers to find key information, such as square footage, the Zestimate® feature, lot size and home type.

Zillow unveils a new look for property pages, their biggest redesign in 5 years

Zillow shares have dropped 20% due to high mortgage rates and low housing market transactions. Despite the challenging environment, Zillow has shown strong results and is executing its long-term plan. Zillow's Flex/Enhanced strategy is driving growth and changing the workflow of partner agents, adding value to the company.

Zillow: Making Tremendous Progress In A Tough Housing Market

Zillow Home Loans and The Knot find the share of couples including "home funds" as part of their wedding registry has increased 55%  SEATTLE and NEW YORK , Oct. 19, 2023 /PRNewswire/ -- A new analysis conducted by Zillow® Home Loans and The Knot  shows that more couples than ever who are planning to marry are registering for home funds to help them buy a house, in addition to more traditional wedding gifts. For many couples, marriage is accompanied by exciting — albeit expensive — life changes, like purchasing their first home, and as home prices continue to soar across the country, young couples are getting creative to make their dream of homeownership a reality.

More couples turning to wedding registries for help buying their first home

The Fed has raised interest rates at the most aggressive pace in its history for the past couple of years. Some experts believe the Fed has gone far enough, and it might even start cutting rates next year.

Interest Rates Could Fall in 2024. Is It Time to Buy This Real Estate Technology Stock?

Zillow's business and share price have remained steady in 2023 despite rising mortgage rates and a weak real estate market. The recent increase in long-term bond yields is starting to impact the Company with housing market dysfunction increasing. While Z stock is well positioned to capitalize on a large long-term opportunity, it seems likely that the company is still in for more short-term pain.

News for Zillow Stock (Z)