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.

Zillow (ZG) unveils AI-powered Listing Showcase that enables agents to win more listings and ensures a premium experience for shoppers.

Zillow (ZG) Launches AI-Driven Features to Assist Listing Agents

Investors have grappled with soaring inflation and rising interest rates since mid-2021. But both of those trends appear to be reversing, which is one reason the stock market has rebounded convincingly this year.

1 Big Reason the Stock Market Is Surging -- and 2 Stocks to Buy Right Now

Zillow Group (ZG) introduced an enhanced Appointment Center by ShowingTime+ that support agents with various data and reporting tools, enabling them to save time and generate more business.

Zillow (ZG) Unveils New Solution To Support Real Estate Agents

New Zillow and Thumbtack analysis identifies the additional costs home buyers can expect, including utilities, insurance, maintenance and property tax Homeowners can expect to pay $14,155 a year, or $1,180 a month, in hidden costs related to owning a home. These annual costs can be as high as $22,791 in the San Francisco metro area and as low as $9,886 in Las Vegas.

Hidden costs of homeownership can add up to nearly $15,000 annually

Support is growing among both homeowners and renters for "modest densification" or "missing middle" housing.  New housing types, including medium to large apartment buildings, gain majority support if built near transit and amenities.

More than 4 in 5 adults support building more homes in their neighborhood to boost housing affordability

Zillow continues to demonstrate strong performance and execution, tracking toward its long-term revenue and margin targets, despite a challenging macro environment. The company has outperformed in its Premier Agent segment, gaining market share and showcasing the effectiveness of its innovative offerings. ZG's ability to consistently innovate and drive new products, coupled with its investment in AI and data utilization, positions the company favorably for future growth.

Zillow Group: Strong Execution And Innovative Capabilities

The Zillow Group's (Z) long-term pullback looks like it may be coming to an end. History suggests that now is the perfect time for bulls to buy Z's next leg higher.

History Says Buy The Dip On Zillow Stock

Colorado Springs and Spokane named best areas for recent college graduates in new Zillow study analyzing rent-to-income ratio and job prospects SEATTLE , May 24, 2023 /PRNewswire/ -- Colorado Springs, Colorado, has been named Zillow's top market for college grads in 2023, highlighting how, this year, markets with a smaller population, relatively affordable rents and lots of career prospects contribute to a high quality of life for individuals beginning a new phase in their lives. Trailing behind Colorado Springs are Spokane, Washington, and Des Moines, Iowa — two relatively small markets with plenty of job opportunities and lower rents than the national median.

Zillow's top markets for college grads offer a balance of opportunity and affordability

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As of the latest news at the time of writing, CNN reported that debt-ceiling negotiations broke down, which means that investors should at least consider stocks to sell before recession strikes. Sure, it's possible that Democrats and Republicans can come together to prevent catastrophe.

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SEATTLE , May 18, 2023 /PRNewswire/ -- Zillow Group, Inc. (Nasdaq: Z and ZG) announced today Jeremy Hofmann has been promoted to chief financial officer (CFO). He succeeds Allen Parker, who will transition to an advisory role into the first quarter of 2024.

Zillow Group promotes Jeremy Hofmann to chief financial officer

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Annaly Capital

In the financial markets, few partners are as closely intertwined as housing stocks and mortgage rates. They often move in sync, yet sometimes they surprise us with their own version of their favorite dance.

3 Housing Stocks That Will Benefit if Mortgage Rates Reverse Course

Zillow aims to grow the percentage of customer property transactions captured from 3% to 6% by 2025. The company has 5 main growth pillars: touring, financing, seller solutions, partner network and service integration.

Zillow: Q1 Signals A Turnaround Post Recession

Opendoor

The housing market is massively impacted by rising interest rates, which increases the cost of borrowing for mortgages. In fact, this looks to have resulted in over a 22% decline in the number of homes sold in the first quarter of the year according to data from the National Association of Realtors.

2 Stocks to Play a Housing Market Rebound

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

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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 (ZG) came out with quarterly earnings of $0.35 per share, beating the Zacks Consensus Estimate of $0.15 per share. This compares to earnings of $0.49 per share a year ago.

Zillow Group (ZG) Q1 Earnings and Revenues Beat Estimates

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

Zillow (ZG) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

News for Zillow Stock (ZG)