Key PointsThe current real estate market stalemate is about to break into a new bull run for specific stocks.When it comes down to it, Zillow is the best-suited name to accommodate the de-bottlenecking. Growth projections suggest no other peer like it will benefit from the coming waves in 2024.5 stocks we like better than Zillow GroupIndustries 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 ...

Feverpitched Real estate website Zillow (NASDAQ:ZG) has evolved into an integrated real estate marketplace. Despite industry challenges, the company is innovating products and services to capture more of transaction values over time. The US housing market is experiencing a sharp cyclical correction but for long-term investors, Zillow offers an attractive risk-reward investment as housing recovers. The State of Housing The state of housing in the US is in bad shape. Existing home sales declined for 9 str ...

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, 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 ...

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, 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 ...

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, 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 ...

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 ...

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]