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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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Year over year growth in Revenue and Operating Expenses.

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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 Q4 2021

Earnings data Q1 2022

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Earnings data Q1 2023

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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.

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

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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

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

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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

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

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Finding the best stocks to buy and sell in real estate can be challenging. The housing stock sector continues to be volatile and full of opportunity at the same time.

Buy or Bye? 7 Key Housing Stocks to Buy or Sell in Today's Market.

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.

Zillow predicts more homes for sale, improved affordability in 2024

The Federal Reserve is about to end its most aggressive campaign to hike interest rates in its history. Higher rates have crushed the housing sector, with existing home sales currently at a 13-year low.

Here's the Growth Stock to Buy If Interest Rates Fall in 2024 -- and They Probably Will

New construction surge prompts landlords and property managers to provide more perks SEATTLE , Nov. 20, 2023 /PRNewswire/ -- Rental concessions—offers meant to entice tenants, such as free months of rent or free parking—are at their highest level in more than two years despite strong renter demand, Zillow's latest data shows. That's because property managers are now likely competing for tenants, as new, primarily upscale buildings from the recent construction boom enter the rental market.

Rent remains high, but more properties offer incentives

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The good times in residential real estate commissions are about to end. Consequently, investors should consider investing in those stocks benefiting from real estate commission changes.

3 Stock Winners From the Crackdown on Outrageous Real Estate Commissions

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.

News for Zillow Stock (Z)