Zillow Group(Z)

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Zillow Group(Z) - 2025 FY - Earnings Call Transcript
2025-06-02 22:00
Financial Data and Key Metrics Changes - The meeting confirmed the reelection of four directors and the ratification of Deloitte and Touche LLP as the independent registered public accounting firm for the fiscal year ending December 31, 2025 [21][22]. Business Line Data and Key Metrics Changes - No specific business line data or key metrics were discussed during the meeting [11]. Market Data and Key Metrics Changes - No specific market data or key metrics were provided during the meeting [11]. Company Strategy and Development Direction and Industry Competition - The company continues to focus on maintaining strong governance with the reelection of its board members and the appointment of its auditors, indicating a commitment to transparency and accountability [20][21]. Management's Comments on Operating Environment and Future Outlook - Management expressed appreciation for shareholder support but did not provide specific comments on the operating environment or future outlook during the meeting [25]. Other Important Information - The meeting was conducted virtually, and all necessary logistics were followed to ensure proper governance and shareholder participation [5][6][19]. Q&A Session Summary - There were no questions submitted during the Q&A session, and the meeting concluded without any additional inquiries [24].
Zillow Group, Inc. (Z) Bernstein 41st Annual Strategic Decisions Conference (Transcript)
Seeking Alpha· 2025-05-29 22:59
Zillow Group, Inc. (NASDAQ:Z) Bernstein 41st Annual Strategic Decisions Conference May 29, 2025 1:30 PM ET Company Participants Jeremy Wacksman - CEO Conference Call Participants Nikhil Devnani - Bernstein Nikhil Devnani Here we go. Good afternoon, everybody. Thank you so much for joining. My name is Nikhil Devnani, I cover Mid-Cap Internet here at Bernstein and it's my pleasure today to have Jeremy Wacksman, CEO of Zillow Group on stage with us. So thank you Jeremy, and welcome to the SEC. Jeremy Wacksman ...
Zillow Group(Z) - 2025 FY - Earnings Call Transcript
2025-05-29 18:30
Financial Data and Key Metrics Changes - Zillow reported approximately 15% revenue growth last year and anticipates low to mid-teens revenue growth this year, despite a tepid housing market [4][27]. - The company expects to achieve a total revenue of over $2 billion last year, with a goal to reach $5 billion in the future [79]. Business Line Data and Key Metrics Changes - Zillow's strategy includes the rollout of enhanced markets, aiming to have 35% of connections in these markets by the end of the year, with a long-term goal of over 75% [12][26]. - Zillow Home Loans is becoming an increasingly significant part of the strategy, with double-digit adoption rates in enhanced markets [31][37]. Market Data and Key Metrics Changes - The housing market remains largely flat, with existing home sales around 4 million, compared to a typical range of 5 to 6 million [53][56]. - The company notes a supply-demand imbalance in the housing market, primarily driven by a lack of new construction and sellers being trapped in low mortgage rates [54][55]. Company Strategy and Development Direction - Zillow is focused on creating a housing super app to streamline the home buying and selling process, integrating various services such as financing and agent partnerships [7][17]. - The company aims to enhance the customer experience by providing a one-stop shop for all housing transaction needs, including title, escrow, and insurance [19]. Management's Comments on Operating Environment and Future Outlook - Management acknowledges the affordability problem in the housing market, attributing it to a lack of supply rather than just high mortgage rates [54][55]. - The company expects to continue growing through its strategy, gaining market share even in a challenging housing environment [57][58]. Other Important Information - Zillow's Showcase product is gaining traction, with expectations to reach 5-10% of new listings, potentially generating $150 to $300 million in incremental revenue [48][49]. - The company has no plans for international expansion, focusing solely on the U.S. market [88]. Q&A Session Summary Question: What differentiates Zillow from competitors like Rocket and Redfin? - Zillow's integrated transaction strategy is validated by competitors' moves, indicating a market shift towards offering comprehensive services [41][42]. Question: How does Zillow view the rental market and its growth potential? - Zillow is the largest source of rental listings in the U.S., with a target of reaching $1 billion in rental revenue, driven by multifamily growth [63][69]. Question: What has been the impact of commission rate changes in the industry? - Zillow's strategy allows it to work with top-performing agents, who have not seen significant impacts from commission rate changes, potentially benefiting from increased differentiation [94][96]. Question: How does Zillow plan to achieve its financial targets? - The company outlines a path to $5 billion in revenue through organic growth in residential mortgage, rentals, and macro recovery [79][80].
Zillow Group: Be Patient As Growth Rates Outpace The Industry
Seeking Alpha· 2025-05-25 11:17
Market Overview - The stock market has rebounded from post-tariff volatility, while the real estate market has not shown signs of recovery [1] - Persistently high-interest rates are maintaining high mortgage rates, negatively impacting buyer affordability and sellers' willingness to switch homes [1] Analyst Background - Gary Alexander has extensive experience covering technology companies on Wall Street and working in Silicon Valley, along with advising seed-round startups [1] - He has been a contributor on Seeking Alpha since 2017 and has been quoted in various web publications [1]
Atossa Therapeutics Announces Full Results from I‑SPY 2 Endocrine‑Optimization Sub‑Study Evaluating Low‑Dose (Z)‑Endoxifen
Prnewswire· 2025-05-14 12:15
Feasibility endpoint achieved; rapid Ki‑67 suppression and substantial MRI‑confirmed tumor shrinkage observed with favorable safety profileSEATTLE, May 14, 2025 /PRNewswire/ -- Atossa Therapeutics, Inc. (Nasdaq: ATOS) ("Atossa" or the "Company"), a clinical-stage biopharmaceutical company developing innovative medicines for breast cancer, today reported full results from the Phase 2 Endocrine Optimization Pilot (EOP) sub‑study within the I‑SPY 2 TRIAL evaluating low‑dose oral (Z)‑endoxifen (10 mg daily) as ...
Is the Options Market Predicting a Spike in Zillow Stock?
ZACKS· 2025-05-13 20:25
Investors in Zillow Group, Inc. (Z) need to pay close attention to the stock based on moves in the options market lately. That is because the Jun 20, 2025 $30.00 Call had some of the highest implied volatility of all equity options today.What is Implied Volatility?Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. It could also ...
Zillow Group's Q1 EPS Lags Estimates, Revenues Rise Y/Y
ZACKS· 2025-05-08 14:16
Zillow Group (Z) reported its first-quarter 2025 adjusted earnings per share (EPS) of 41 cents, which missed the Zacks Consensus Estimate of 43 cents. However, the figure increased 13.9% on a year-over-year basis.Results reflected higher for-sale revenues and rental revenues year over year. However, increased sales and marketing expenses and the cost of revenues undermined the results to some extent.Total revenues of $598 million surpassed the Zacks Consensus Estimate of $588.6 million. The figure improved ...
Zillow (Z) Q1 Earnings Lag Estimates
ZACKS· 2025-05-07 22:30
Zillow (Z) came out with quarterly earnings of $0.41 per share, missing the Zacks Consensus Estimate of $0.43 per share. This compares to earnings of $0.36 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -4.65%. A quarter ago, it was expected that this real estate website operator would post earnings of $0.29 per share when it actually produced earnings of $0.27, delivering a surprise of -6.90%.Over the last four quarters, the ...
Zillow Group(Z) - 2025 Q1 - Earnings Call Transcript
2025-05-07 22:02
Zillow (Z) Q1 2025 Earnings Call May 07, 2025 05:00 PM ET Company Participants Bradley Berning - VP - Strategic Affairs & Investor RelationsJeremy Wacksman - CEOJeremy Hofmann - Chief Financial OfficerRonald Josey - Managing DirectorMark Mahaney - Senior Managing DirectorSergio Segura - Vice PresidentBenjamin Black - Co-Head Internet Equity ResearchDae Lee - VP - Equity Research Conference Call Participants Brad Erickson - Equity AnalystJohn Colantuoni - Equity Research Analyst, InternetTrevor Young - Analy ...
Zillow Group(Z) - 2025 Q1 - Earnings Call Transcript
2025-05-07 22:00
Hello, and welcome to Zillow Group's first quarter twenty twenty five financial results call. We ask that you please hold all questions until the completion of the formal remarks, at which time you will be given instructions for the question and answer session. Also, as a reminder, this conference is being recorded today. If you have any objections, please disconnect at this time. Brad, you may begin. Speaker1 Thank you. Good afternoon, and welcome to Zillow Group's quarterly earnings call. Joining me today ...