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 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.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

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.

Rate lock is losing its grip on homeowners  Twenty-one percent of homeowners surveyed by Zillow are considering selling, up from 15% one year ago.  Monthly mortgage payments, down $143 from October peaks, are (technically) affordable again.

Relaxed mortgage rates mean serious savings for buyers

Zillow (ZG) witnesses a hammer chart pattern, indicating support found by the stock after losing some value lately. This coupled with an upward trend in earnings estimate revisions could mean a trend reversal for the stock in the near term.

Here's Why Zillow (ZG) Is a Great 'Buy the Bottom' Stock Now

Redfin

Toll Brothers

Having increased seemingly month on month since the back-end of 2021, it looks like mortgage rates might finally be cooling. The 30-year fixed-rate average has fallen from a high of 7.79% at the start of November to 6.62% last week, and expectations are for this downward trend to continue through 2024.

3 stocks to watch as mortgage rates fall

Zillow (NASDAQ:Z) Group Inc shares have priced in a steady recovery in housing in 2024 and near record low home affordability could limit volume upside, Bank of America analysts acknowledged.  In downgrading Zillow stock to ‘Neutral' from ‘Buy', the analysts also cited real estate commission lawsuits as being an overhang on Zillow's buy side agent lead generation segment, which make up nearly 50% of the company's revenues.

Zillow analysts boost price target, downgrade stock on volume concerns

Shares of Zillow Group Inc. were knocked lower Wednesday following a Wall Street analyst's call to stop buying, saying prices already reflect a recovery in the housing market.

Zillow's stock falls after BofA says to stop buying, for these reasons

BofA Securities analyst Curtis Nagle downgrades shares of the real estate company to Neutral from Buy.

Zillow Stock Gets Downgraded as Low Home Affordability a Headwind

Zillow Group announced Tuesday that it added famed Silicon Valley venture capitalist Bill Gurley to its board.

Venture capitalist Bill Gurley returns to Zillow Group board

SEATTLE , Jan. 9, 2024 /PRNewswire/ -- Zillow Group announced today the reappointment of Bill Gurley, prominent venture capitalist and partner at Benchmark Capital, to the company's Board of Directors , effective immediately. Gurley previously served on the Board from 2005 to 2015.

Zillow Group Reappoints Bill Gurley to Board of Directors

People relocated to metros $7,500 less expensive, a Zillow study of United Van Lines data shows  Charlotte, Providence and Indianapolis saw the highest net in-migration among the 50 largest markets. Chicago, San Diego and Cincinnati witnessed the most outbound moves compared to inbound relocations.

Interstate movers chased affordability in 2023

After a whirlwind of a year for the real estate industry, Zillow Chief Economist Skylar Olsen recently shared her 2024 housing market “resolutions.” Indeed, Olsen is hoping the new year will kickstart a rebalancing process for housing, which has long been marred by economic shortcomings.

6 Things Zillow Says Need to Happen in the Housing Market in 2024

Zillow Group and ShowingTime have announced a new lawsuit against the Arizona Regional Multiple Listing Service (ARMLS) and Wisconsin's Metro Multiple Listing Service (Metro MLS) over what the tech giant claims is an unfair and anticompetitive practice that freezes out ShowingTime in favor of a proprietary, MLS-developed tour appointment tool.

Zillow Group sues listing services in Arizona and Wisconsin over ShowingTime access

With healthy fundamentals, Zillow Group (ZG) appears to be a solid investment option at the moment.

Here's Why Zillow (ZG) is an Enticing Investment Option Now

Industries that have stood the test of time are typically very reliable and provide an extended track record of success; what most people (and investors) need to prepare for is an inevitable wave of innovation, usually driven by technology, to bring on efficiency. More important to you than efficiency is the profits that technology brings.

Zillow is the stock to show you the new homes Buffett just bet on

Zillow's stock price surged 23% on news of planned interest rate cuts, potentially benefiting its business. A $13 billion market cap seems more than reasonable for a market leader in a lucrative industry. However, caution is advised due to housing market conditions and Zillow's recent price volatility.

Zillow Can Provide Double Digit Returns

Vertical Aerospace Ltd

Rackspace Technology, Inc.

While the topic of stocks to sell immediately generates controversy, it's similar to the wacky off-season transactions that occur in baseball. At the end of the day, an organization must make the best decision to ramp up its chances of success.

3 Stocks to Sell to Get a Fresh Start in 2024

Analysis of 250 billion queries on Zillow reveal top search terms SEATTLE , Dec. 21, 2023 /PRNewswire/ -- After analyzing more than 250 billion search queries, Zillow® has compiled the top search terms for 2023, showing the wide range of desires and preferences among America's home shoppers. Earlier this year, Zillow introduced an AI-powered natural language search feature that lets home shoppers search for homes in a conversational way, similar to how they talk to family or friends.

How Americans surfed Zillow in 2023

Zillow Group, Inc.'s outlook may not be promising, but its strong brand and potential for growth make it a bullish investment. Zillow's near-term prospects include a focus on delivering a housing Super App and enhancing its ecosystem for real estate professionals. Zillow is priced at 30x forward free cash flows. How investors should think about this valuation.

Zillow's Recovery Path: From Q3 Struggles To 2024 Triumphs

West Chester, Pennsylvania, ranked as Zillow shoppers' favorite market of 2023 SEATTLE , Dec. 19, 2023 /PRNewswire/ -- The most popular market among Zillow® surfers  this year was West Chester, Pennsylvania. After the West Coast ruled in 2021  and the Midwest took the top spot last year , the Northeast dominated this year's list.

Small Northeast towns reign supreme as Zillow's 2023 most popular markets

Home prices are getting slashed at an unusual pace, Zillow economists said. Nearly 23% of listings on the market saw a price cut in November.

Home prices are getting slashed as inventory climbs and high mortgage rates push sellers to compete for buyers, Zillow says

HubSpot

As weeks go, it's been a great one for equities. The S&P 500 index has hit its highest levels in almost two years and has gained 14% since the end of October.

3 stocks getting upgraded ahead of 2024

JMP upgraded Zillow Group Inc  (NASDAQ:ZG) to "outperform" from "market perform," helping the stock to a 3.2% premarket lead.

Analyst Sees Massive Upside for Zillow Stock

One of Zillow's most viewed homes now includes an interactive floor plan, a 3D Home tour and a virtual treasure hunt SEATTLE , Dec. 12, 2023 /PRNewswire/ -- There's an all-new, interactive way to tour Santa's House  on Zillow®. Starting today, families can take a virtual 3D tour of the Clauses' North Pole cabin and explore every charming corner using a floor plan generated by artificial intelligence (AI).

Take an AI-powered tour of Santa's $1.18M North Pole cabin on Zillow

Some sellers shake free from 'rate lock,' helping to cut inventory deficit Monthly mortgage payments on a home purchase fell about 1.5% from October to November. Rate lock may be easing as a two-year new-listings shortfall shrank to 14.1% below "normal.

Better news for buyers in November as prices, rates ease

Zillow (ZG) reported earnings 30 days ago. What's next for the stock?

Zillow (ZG) Up 13.4% Since Last Earnings Report: Can It Continue?

Home buying will remain expensive, so expect a competitive market for homes that need some work and for single-family rentals Affordability will remain a challenge, but Zillow expects buyers to have more options and a bit more financial breathing room in 2024.  Rental market competition will be strong, especially for single-family rentals and units with an easy commute to downtown office hubs.

News for Zillow Stock (ZG)