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.

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Zillow surpasses Q2 revenue targets, eyes market expansion for growth

Zillow's Q2 2024 performance exceeded expectations, driven by revenue growth across key segments.
The company's strategic focus on the Housing Super App and market expansion positions it for sustainable growth.
While challenges like customer transaction share exist, Zillow's strong performance and leadership changes signal a positive outlook.

Zillow reports robust Q3 earnings, eyes growth in rentals and mortgages

Zillow Group's Q3 performance reflects strong revenue growth and user engagement, supported by strategic initiatives in rentals, mortgages, and customer experience.
While challenges like cost management and market dynamics persist, Zillow remains optimistic about future growth opportunities and profitability.
By focusing on innovation, customer advocacy, and market positioning, Zillow aims to sustain its growth trajectory and drive value for stakeholders.

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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.

Competition is easing as inventory accumulates, leading the market back toward 'normal' U.S. home values fell 0.1% from June to July, the first decline in the raw Zillow Home Value Index since 2012. Home values fell last month in 30 of the 50 largest metro areas, but are still up 16% from a year ago.

Buyers gaining time and options as housing market rebalances

Inventory, sales and price-cut trends reveal how home buyers and sellers are adjusting to changing market conditions Competition for the lowest-priced homes in each market is now stronger than mid- and high-priced homes, reversing a pandemic trend.  Monthly payments on a typical mortgage are 60% higher than they were a year ago, likely contributing to buyers gravitating toward less expensive homes.

Lowest-priced homes attracting strongest competition as market rebalances

Opendoor

Zillow's embattled iBuying segment is almost a memory, at least according to its second-quarter financial report.

This Growth Stock Is Entering a New Chapter, and It's a Buy Right Now

Opendoor Technologies (NASDAQ: OPEN ) stock has been on the move, up more than 5% so far this week. The company, which offers a digital marketplace for real estate and buys homes, agreed to a settlement with the Federal Trade Commission (or FTC) concerning allegations about Opendoor's sales practices.

Opendoor Technologies Looks a Lot Better Following This Zillow Partnership

SEATTLE , Aug. 11, 2022 /PRNewswire/ -- Registration is now open for Zillow's second annual HBCU Housing Hackathon for students attending Historically Black Colleges and Universities (HBCUs). The program, in collaboration with United Negro College Fund (UNCF) and Amplify 4 Good , helps HBCU students develop critical tech and business skills as they compete for nearly $90,000 in cash and prizes, while also gaining the opportunity to interview for paid internships.

Zillow and UNCF open registration for HBCU Hackathon

After failing at iBuying on its own, it's giving the model a second chance as it partners with Opendoor.

Could This Real Estate Partnership Save Zillow?

Zillow (ZG) beats second-quarter earnings and revenue estimates with an improved suite of seller services in its ecosystem.

Zillow (ZG) Outpaces Earnings and Revenue Estimates in Q2

The next generation of Zillow surfing uses an AI-generated floor plan to bring together listing photos and 3D tours for a more authentic and seamless virtual home-shopping experience SEATTLE , Aug. 8, 2022 /PRNewswire/ -- Zillow® surfing 2.0 is nationwide, starting today. Home shoppers across the U.S. can now get a deeper sense of a home than ever before without stepping foot inside using Zillow's free, AI-generated floor plan tool, saving valuable time and headaches during the search for their next home.

Zillow's AI-powered interactive home tours are now available nationwide

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With recent indicators suggesting that the U.S. is in the middle of a downturn, interest regarding stocks to avoid in a recession has naturally picked up. Though contrarianism is an exciting concept, in many cases, it's better not to fight the tape.

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Investors weren't happy with Zillow's guidance for the third quarter.

Why Zillow Stock Slid Today

Shares of Opendoor Technologies (NASDAQ: OPEN ) are flying higher on the day, with OPEN stock up 20%. The move comes after the company issued its second-quarter results and a new multi-year deal with its rival, Zillow (NYSE: Z ).

Opendoor (OPEN) Stock Soars on Zillow Deal

Wedbush analyst Jay McCanless downgraded Zillow Group Inc.'s stock ZG, -4.85% Z, -4.70% to neutral from outperform Friday, in the wake of the real-estate company's latest earnings report that brought a lower third-quarter outlook than expected and showed the pains the company is experiencing from its exit of the iBuying business. "While we are favorable on ZG's net cash balance sheet and the long term partnership with OPEN announced yesterday (8/4), we cannot avoid the fact that both of ZG's primary business lines, IMT [internet, media, and technology] and mortgage, and ancillary lines like closing and title are facing softer trends in the near term," McCanless said in his note to clients.

Zillow stock gets a downgrade at Wedbush amid 'softer trends' throughout the business

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With great growth comes great volatility.

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Zillow Group, Inc. (NASDAQ:Z ) Q2 2022 Earnings Conference Call August 4, 2022 5:00 PM ET Company Participants Brad Berning - Vice President of Investor Relations Rich Barton - Co-Founder & Chief Executive Officer Allen Parker - Chief Financial Officer Conference Call Participants Ryan McKeveny - Zelman John Colantuoni - Jefferies Jay McCanless - Wedbush Operator Good afternoon. My name is Sam and I will be your conference operator today.

Zillow Group, Inc. (Z) CEO Rich Barton on Q2 2022 Results - Earnings Call Transcript

Zillow says it will team up with Opendoor to help fight the impending downturn of the real-estate market.

Zillow Reopens the Door to iBuying

The real estate company reported $1 billion in revenue for the quarter, a 23% drop from the same quarter last year.

Zillow Sees Housing Slowdown Hitting Revenue

Zillow Group still wants to help people quickly sell their home.

After ditching home-buying business, Zillow Group partners with rival Opendoor

Zillow Group expects revenue from its core Premier Agent business unit to decrease more than 20% year-over-year in the third quarter due to housing trends.

Zillow Group expects real estate industry to ‘meaningfully contract' in second half of 2022

Zillow Group Inc. is almost done selling all the homes it bought in a flurry that led to a flameout of its iBuying business, but its plans for the future led to shares plunging in late trading Thursday on a disappointing forecast.

Zillow is almost done selling homes, but stock slumps as the hard part is still to come

SEATTLE , Aug. 4, 2022 /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 June 30, 2022. Complete financial results for the second quarter and outlook for the third quarter of 2022 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 Second-Quarter 2022 Financial Results

Home sellers visiting Zillow will be able to request an Opendoor offer  SEATTLE and SAN FRANCISCO , Aug. 4, 2022 /PRNewswire/ -- Zillow, Inc. (Nasdaq: Z and ZG) and Opendoor Technologies Inc. (Nasdaq: OPEN) have announced a multi-year partnership that combines two category leaders to transform how people start their move. The partnership will allow home sellers on the Zillow platform to seamlessly request an Opendoor offer to sell their home.

Zillow, Opendoor announce multi-year partnership

Shares of Zillow Group Inc. fell Thursday after an analyst cautioned that the online real-estate company could be preparing to cut its financial forecasts when it reports earnings Aug. 4.

Zillow could deliver a ‘back up the truck' reset with upcoming earnings, analyst says

Zillow (ZG) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Zillow Group (ZG) Expected to Beat Earnings Estimates: What to Know Ahead of Q2 Release

Company to add new filters and features, including the ability for users to hide homes they've already considered SEATTLE , July 21, 2022 /PRNewswire/ -- Zillow today announced a   new app  feature that lets home shoppers and renters search more quickly for properties across different neighborhoods, ZIP codes, cities, counties, states and more — pulling them all together into a single list. It's one of several new and upcoming search features empowering Zillow users to move faster and shop with confidence for exactly the types of homes they want in the exact locations they'd like to live.

Zillow's new tool powers home searches in up to five areas at once, letting shoppers move as fast as the market

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

News for Zillow Stock (ZG)