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.

Volatility in the housing market "far exceeds what we anticipated" and makes algorithmic home flipping too risky, Zillow CEO Rich Barton said.

The housing market is so red-hot it broke Zillow's algorithm that predicted how fast prices would surge

A lot of Wall Street analysts covering Zillow Group Inc. had some negative things to say about the real estate services company on Wednesday, following its plan to get out of the home-flipping business, but that doesn't mean they recommend investors sell the stock.

The Ratings Game: Zillow's average stock price targets get slashed, but still imply more than 50% upside

Analysts slashed their ratings on Zillow on Wednesday, a day after the company said it will no longer buy and sell homes because of unpredictable pricing.

Zillow plunges 24% to lowest since July 2020, after company exits home-buying business

Just because a business process can be automated, doesn't necessarily mean it should be automated.

Why the iBuying algorithms failed Zillow, and what it says about the business world's love affair with AI

The announcement came as part of Zillow's third-quarter earnings report, which widely missed estimates.

Here's Why Zillow Stock Plunged 20%—And Why It Won't Flip Homes Anymore

As Zillow faces a grim future, Opendoor looks to gain a market share where its competitor couldn't. So far this is sending OPEN stock up.

OPEN Stock Is Under Pressure Because Zillow Just Revealed the Challenges of iBuying

Zillow CEO Rich Barton made the announcement after market hours Tuesday, adding the company would lay off about a quarter of its workforce.

Zillow extends 3-day plunge to 32% as the company abandons its home-flipping business amid housing-market pressure

The Zillow (NYSE: Z) stock price is under intense pressure after the company delivered a relatively weak quarterly result. The stock slipped by as much as 18% in the morning session.

Zillow stock price forecast: buy the dip or sell the rip?

Zillow had paused, and now will completely wind down, home buying with the division terminating over the next few quarters.

Zillow Stops Homebuying: How Will This Impact Their Stock Forecast?

Zillow Group Inc (NASDAQ:ZG) is plummeting today, last seen 18.2% lower to trade at $69.94, following news that the real estate firm is exiting the home-flipping game on the closure of Zillow Offers.

Zillow Quits Home Buying Business; Stock Plummets

Zillow is taking a big hit as it exits the home-flipping business. It may be doing you a favor.

3 Reasons Why I'm OK With the End of Zillow Offers

Boston, Massachusetts--(Newsfile Corp. - November 3, 2021) - The Thornton Law Firm alerts investors that it is investigating Zillow Group, Inc. (NASDAQ: Z) (NASDAQ: ZG) for potential securities violations. Investors who currently own securities of Zillow may contact the Thornton Law Firm's investor protection team by visiting www.tenlaw.com/cases/Zillow for more information. Investors may also email investors@tenlaw.com or call 617-531-3917.FOR MORE INFORMATION: www.tenlaw.com/cases/ZillowOn November 1, 2021, Zillow announced it would shut down its homebuying and selling...

Thornton Law Firm Announces Investigation into Zillow

The real estate tech giant just disappointed investors in a big way.

Here's Why Zillow Stock Is Plunging Again on Wednesday

Zillow Group, Inc. (NASDAQ: Z) shares are trading lower after the company reported third-quarter earnings results and said it will wind down its 'Zillow Offers' service. Zillow reported $1.74 billion in sales this quarter, representing a 164.51 percent increase over sales of $656.69 million the same period last year.

Why Zillow Shares Are Falling

Zillow's ZG, -17.20% experiment in home-flipping has blown up in its face — and the company is blaming the “unpredictability” of home prices.

‘It's really a toy': Zillow closes home-flipping business. What does that say about the reliability of its Zestimate home-valuation tool?

The stock price of Zillow Group, Inc. (NASDAQ: Z) (NASDAQ: ZG) has been falling this week. This is why it happened.

Zillow Stock: Why The Price Is Falling

Analysts downgraded rating and price target on Zillow Group Inc (NASDAQ:ZG) following Q3 earnings miss and exit from iBuying business. Piper Sandler analyst Thomas Champion downgraded Zillow Group to Neutral from Overweight with a price target of $78, down from $117, implying an 8.75% downside.

Analysts Slash Zillow Group Price Target On Dismal Q3, Business Exit Plans

That was a rare increase before the online real estate giant delivered some staggering news.

Why Zillow Group Jumped Almost 20% in October

The online real estate marketplace announced Tuesday that it would ditch its homebuying and selling business, citing an inability to predict house prices.

Zillow Stock Keeps Sinking. Analysts Issue Downgrades After Strategy Shift.

The company is shuttering Zillow Offers and laying off 25% of its workforce. Zillow Group stock is crashing today after a disappointing earnings call after market close yesterday.

Why is Zillow stock crashing? Blame the volatile housing market

Zillow Group had a wealth of data, access to millions of dollars in capital and executives with the hubris to believe they could use these tools to outsmart both a volatile housing market and startups specializing in buying and selling houses.

MarketWatch First Take: Zillow thought it could rule the housing market. It was very wrong.

Zillow (ZG) delivered earnings and revenue surprises of -693.75% and -13.73%, respectively, for the quarter ended September 2021. Do the numbers hold clues to what lies ahead for the stock?

Zillow Group (ZG) Reports Q3 Loss, Lags Revenue Estimates

Zillow is getting out of the iBuying business and will shut down its Zillow Offers division, resulting in a 25% reduction in its staff.

Zillow to shut down its home buying business, cut 25% of staff

Zillow Group, Inc. (Z) CEO Rich Barton on Q3 2021 Results - Earnings Call Transcript

The real estate website had been relying on its algorithm that estimates home values to buy and resell homes. That part of its business lost about $420 million in three months.

News for Zillow Stock (ZG)