Zillow Group(Z)

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How Americans surfed Zillow in 2023
2023-12-21 13:00
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. This search data provides ...
Zillow Group(Z) - 2023 Q3 - Earnings Call Transcript
2023-11-02 02:10
Zillow Group, Inc. (NASDAQ:Z) Q3 2023 Earnings Conference Call November 1, 2023 5:00 PM ET Company Participants Bradley Berning - VP of IR Rich Barton - Co-Founder and CEO Jeremy Hofmann - CFO Jeremy Wacksman - COO Conference Call Participants Bradley Erickson - RBC John Campbell - Stephens Inc. Lloyd Walmsley - UBS Ryan McKeveny - Zelman & Associates Vincent Kardos - Jefferies Ronald Josey - Citigroup Thomas Champion - Piper Sandler Operator Good afternoon. My name is Lauren and I'll be your conference ope ...
Zillow Group(Z) - 2023 Q3 - Quarterly Report
2023-10-31 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION (Exact name of registrant as specified in its charter) _____________________________________________________ Washington 47-1645716 (State or other jurisdiction of (I.R.S. Employer incorporation or organization) Identification No.) 1301 Second Avenue, Floor 36, Seattle, Washington 98101 (Address of principal executive offices) (Zip Code) (206) 470-7000 (Registrant's telephone number, including area code) | Securities registered pursuant to Section 12(b) of the ...
Zillow Group(Z) - 2023 Q2 - Earnings Call Transcript
2023-08-03 01:54
Zillow Group, Inc. (NASDAQ:Z) Q2 2023 Earnings Conference Call August 2, 2023 5:00 PM ET Company Participants Bradley Berning - Vice President of Investor Relations Richard Barton - Co-Founder, Chief Executive Officer & Director Jeremy Hofmann - Chief Financial Officer Jeremy Wacksman - Chief Operating Officer Conference Call Participants Bradley Erickson - RBC Capital Markets Ronald Josey - Citigroup Mark Mahaney - Evercore ISI Ryan McKeveny - Zelman & Associates Thomas White - D.A. Davidson & Co. John Cam ...
Zillow Group(Z) - 2023 Q2 - Quarterly Report
2023-08-01 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _____________________________________________________ FORM 10-Q _____________________________________________________ ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number: 001-36853 ZILLOW GROUP, INC. (Exact name of registrant as specified in i ...
Zillow Group(Z) - 2023 Q1 - Earnings Call Transcript
2023-05-04 01:07
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. My name is Hannah, and I will be your con ...
Zillow Group(Z) - 2023 Q1 - Quarterly Report
2023-05-02 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _____________________________________________________ FORM 10-Q _____________________________________________________ ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2023 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number: 001-36853 ZILLOW GROUP, INC. (Exact name of registrant as specified in ...
Zillow Group(Z) - 2022 Q4 - Earnings Call Transcript
2023-02-15 23:23
Financial Data and Key Metrics Changes - Zillow Group reported consolidated results above expectations for both revenue and EBITDA in Q4 2022, with IMT segment revenue at $417 million, down 14% year-over-year, but above the high end of the outlook range [30] - Premier Agent revenue decreased by 20% year-over-year, outperforming the industry decline of 31% [30][31] - IMT segment EBITDA was $113 million for Q4, representing 27% of revenue, exceeding the high end of the outlook range [34] Business Line Data and Key Metrics Changes - The IMT segment saw a 30% annualized growth in EBITDA since 2019, despite a challenging operating environment [9] - Rentals revenue increased by 13% year-over-year, with traffic growing 20% year-over-year to 26 million average monthly unique users in Q4 [33] - Mortgages segment revenue was $18 million, with an EBITDA loss of $32 million as investments continued in building a better consumer-facing origination experience [34] Market Data and Key Metrics Changes - Average monthly unique users reached 198 million during Q4, with Zillow regaining its position as the number one most visited rentals platform [8][9] - The company noted that mortgage rates have come off their highs, and home prices have continued to decelerate from their peak [27] Company Strategy and Development Direction - Zillow aims to build a housing super app to increase customer transaction share from 3% to 6% by the end of 2025, focusing on five growth pillars: touring, financing, seller solutions, enhancing the partner network, and integrating services [12][13] - The company is enhancing its partner network by consolidating partners across test markets to improve customer experience and facilitate rapid testing of new products [17] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the challenges of housing affordability and its impact on demand and supply, but noted early signs of stabilization in the market [26][27] - The company remains focused on investing in growth initiatives despite the uncertain macroeconomic environment, believing that it can capture a larger share of the expected 60 million home transactions over the next decade [28][29] Other Important Information - Zillow ended 2022 with a solid balance sheet of $3.4 billion in cash and investments, up more than $200 million from the previous year [9] - The company plans to report financial results as a single reportable segment starting Q1 2023, aligning with its integrated platform strategy [37][38] Q&A Session Summary Question: Can you help us understand the listings showcase product and its market strategy? - Management explained that Listing Media Services and Listing Showcase aim to help listing agents differentiate themselves and win more business, with early indicators showing positive feedback from partners and customers [46][47] Question: What are the early signs of stabilization in the housing market? - Management noted that while the macro environment remains volatile, there are signs of buyer demand and supply constraints, with mortgage rates pulling back and unique users indicating a desire to move [54][55] Question: How does the company view the potential entry of CoStar into the residential market? - Management emphasized their focus on the mover consumer and building a strong audience, which has led to significant traffic growth and a solid brand position [48][49]
Zillow Group(Z) - 2022 Q4 - Annual Report
2023-02-14 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number: 001-36853 ZILLOW GROUP, INC. (Exact name of registrant as specified in its charter) _____________________________________________________ Washington 47-1645716 (State or other jurisdiction of (I.R.S. Employer incorporation or organization) Identification No.) 1301 Second Avenue, Floor 31, Seattle, Washington 98101 (Address of principal executive ...