How does Zillow make most of its money?
Zillow's primary source of income is through selling advertising and enhanced profiles to real estate agents, property managers, lenders, and other professionals.
Zillow makes money by selling advertising on Zillow.com and the Zillow mobile app to property management companies with vacancies, real estate agents looking for buyers and sellers, and mortgage lenders looking for borrowers.
In 2010, Zillow became profitable for the first time.
Residential revenue was up 3% year over year in Q4 to $349 million, outperforming both the residential real estate industry total transaction value decline of 4% and the company's outlook.
Zillow's ecosystem of products and services is designed to provide a seamless, end-to-end transaction experience, helping renters, shoppers, buyers and sellers with every step of their journey. Founded to empower people with information so they could find the right home, Zillow is synonymous with real estate.
As more and more people started using the internet to search for homes, Zillow quickly became a go-to source for real estate information. Rich and Lloyd also made sure they continued to innovate — adding new features like rental listings, mortgage calculators, and more neighborhood information.
Zillow annual revenue for 2023 was $1.945B, a 0.66% decline from 2022. Zillow annual revenue for 2022 was $1.958B, a 8.16% decline from 2021. Zillow annual revenue for 2021 was $2.132B, a 31.28% increase from 2020.
According to the Wall Street Journal, the otherwise profitable home-listing and real estate advertising company ended up losing nearly $530 million overall, with the bulk of the losses coming from its since shut-down Zillow Offers, which was responsible for the majority of Zillow's income — $6 billion of ithe $8.1 ...
Largest shareholders include Caledonia (Private) Investments Pty Ltd, Vanguard Group Inc, BlackRock Inc., VGSIX - Vanguard Real Estate Index Fund Investor Shares, Independent Franchise Partners LLP, NAESX - Vanguard Small-Cap Index Fund Investor Shares, VTSMX - Vanguard Total Stock Market Index Fund Investor Shares, ...
Barton owns 15.8 million shares, including more than 700,000 he bought in November 2018 when the stock was at a low point. Barton started Zillow with four colleagues from his last company, Expedia, and owns the largest individual stake.
How much debt does Zillow have?
How Much Debt Does Zillow Group Carry? As you can see below, Zillow Group had US$1.76b of debt, at September 2023, which is about the same as the year before. You can click the chart for greater detail. However, its balance sheet shows it holds US$3.27b in cash, so it actually has US$1.51b net cash.
The target market is active homebuyers, current homeowners, and anyone interested in real estate. Zillow uses its brand to attract people who are scrolling in search of a someday "dream house" in addition to active buyers in the current market.
Zillow stock fell following a recent court ruling and subsequent legal case brought against the National Association of Realtors and other brokers. The legal proceedings challenged the common practice of home sellers paying realtor commissions for buyers.
Transaction Services. Redfin makes a large portion of its income from transaction services. These include fees for facilitating real estate transactions. Redfin earns commissions when a home is purchased or sold.
Zillow strives to provide a safe online community to rental shoppers. We encourage you to be wary of sharing personal information, financial information, or payments of any kind to people you do not know. When searching for rental listings, here are some red flags to look for: Requests to wire money.
Just like Zillow, Trulia offers real estate listings for prospective home buyers, sellers, and renters. Also like Zillow, Trulia makes most of its money from advertising. Even though the company is now owned by Zillow, it provides users with a different experience online.
Zillow's Shuttered Home-Flipping Business Lost $881 Million in 2021.
The move to offload a block of homes comes as Zillow seeks to recover from an operational stumble that saw it buy too many houses, with many now being listed for less than it paid. The company typically offers smaller numbers of homes to single-family landlords, but the current sales effort is much larger than normal.
Zillow loses $73M in fourth quarter
The decline was on par with the net loss the firm reported in the same period in 2022. Zillow reported $474 million in revenue last quarter, up from $435 million in the same period in 2022. The firm's adjusted EBITDA was $69 million in the fourth quarter, down from $73 million.
Zillow's evolving strategy sees it getting closer to the real estate transaction (Zillow Flex and Zillow Home Loans) and expanding to more parts of the transaction (Mortgages, Rentals, Seller Services, Agent Tools).
How many employees does Zillow have?
Zillow total number of employees in 2021 was 8,005, a 45.44% increase from 2020.
In a quarterly earnings call, CEO Rich Barton said Zillow was unable to correctly forecast future home prices amid volatility in the pandemic-driven housing frenzy. Indeed, an unexpected desire for new housing by work-from-home Americans, combined with ultralow mortgage rates, drove U.S. housing prices to new highs.
Despite record-breaking high home prices in the U.S. and a ridiculous amount of data about the housing market (all those Zestimates!), Zillow's foray into flipping houses caused the company to lose $881 million in one year.
Zillow cofounders Rich Barton and Lloyd Frink debuted on the Forbes Billionaires list on Tuesday following a heady year both for their company and the broader residential real estate market. Barton, 53, joins the rankings with a net worth of $2.2 billion and Frink, 56, with $1.4 billion.
In November 2018, Zillow Group closed its 15th acquisition, consistent with our strategy to create better consumer experiences at every stage of the home life cycle.
References
- https://www.nasdaq.com/articles/3-reasons-to-consider-zoom-video-communications-stock-right-now
- https://finance.yahoo.com/news/zillow-stock-sinks-after-realtor-settlement-paves-way-for-lower-commissions-181243501.html
- https://en.wikipedia.org/wiki/Zillow
- https://www.investors.com/news/technology/zoom-stock-buy-zm-stock-sell/
- https://www.nasdaq.com/articles/heres-why-zillow-zg-is-an-enticing-investment-option-now
- https://www.nerdwallet.com/article/investing/the-best-investments-right-now
- https://eng.mgwk.de/symbols
- https://www.scribbr.com/statistics/standard-normal-distribution/
- https://www.economicsonline.co.uk/competitive_markets/supply-and-demand-curves-explained.html/
- https://www.investopedia.com/articles/personal-finance/110615/why-zillow-free-and-how-it-makes-money.asp
- https://www.businessinsider.com/personal-finance/types-of-people-shouldnt-invest-real-estate-2020-12
- https://www.myvelox.com/blog/3-reasons-why-your-zoom-keeps-crashing/
- https://qz.com/advisor/business/legalzoom-review/
- https://financhill.com/blog/investing/why-did-zillow-stock-go-down
- https://www.howtheygrow.co/p/how-zillow-grows
- https://byjus.com/z-score-formula/
- https://www.geekwire.com/2023/zillow-wins-jury-verdict-over-non-mls-listings/
- https://www.omnicalculator.com/statistics/z-score
- https://www.sofi.com/learn/content/classes-of-stock-shares/
- https://www.linkedin.com/pulse/social-media-strategy-zillow-shannon-leo
- https://simplywall.st/stocks/us/software/nasdaq-zm/zoom-video-communications/health
- https://www.investopedia.com/articles/personal-finance/021815/zillow-vs-trulia.asp
- https://www.marketbeat.com/stocks/NASDAQ/ZG/
- https://www.zillow.com/z/corp/about/
- https://finance.yahoo.com/news/10-best-stocks-invest-2024-200401023.html
- https://www.businessofapps.com/data/zillow-statistics/
- https://www.zacks.com/stock/research/ZS/price-target-stock-forecast
- https://www.macrotrends.net/stocks/charts/Z/zillow/number-of-employees
- https://devtechnosys.com/business-model/redfin.php
- https://www.macrotrends.net/stocks/charts/ZG/zillow/revenue
- https://therealdeal.com/national/2024/02/13/zillow-loses-73m-fourth-quarterly-loss-of-2023/
- https://finance.yahoo.com/news/zillow-fiasco-teach-homebuyers-sellers-223000709.html
- https://www.business-standard.com/about/what-is-gross-national-product-gnp
- https://www.wallstreetzen.com/stocks/us/nasdaq/zm/stock-forecast
- https://www.mikedp.com/articles/2024/2/27/zillows-transition-to-super-app-driving-revenue-growth
- https://www.freshbooks.com/glossary/financial/z-score
- https://www.zillow.com/z/zestimate/
- https://scholar.harvard.edu/files/rogoff/files/notation.pdf
- https://en.wikipedia.org/wiki/Standard_score
- https://www.nerdwallet.com/article/investing/real-estate-vs-stocks-which-is-the-better-investment
- https://builtin.com/data-science/how-to-use-a-z-table
- https://www.khanacademy.org/math/statistics-probability/modeling-distributions-of-data/z-scores/a/z-scores-review
- https://www.geeksforgeeks.org/what-is-z-bar-in-complex-numbers/
- https://www.experian.com/blogs/ask-experian/real-estate-vs-stocks-which-is-better/
- https://www.tipranks.com/stocks/z/forecast
- https://www.tipranks.com/stocks/zg/forecast
- https://www.dummies.com/article/academics-the-arts/math/statistics/how-to-change-an-x-value-to-a-z-value-169601/
- https://www.tipranks.com/stocks/zm/forecast
- https://www.investopedia.com/terms/c/class.asp
- https://www.tipranks.com/stocks/abc/forecast
- https://inomics.com/advice/a-quick-guide-to-math-symbols-in-economics-1535573
- https://www.statology.org/what-is-a-good-z-score/
- https://m.economictimes.com/markets/stocks/news/what-are-t2t-b-or-z-stocks-know-your-script-better-before-investing/articleshow/71551443.cms
- https://www.forbes.com/sites/samanthasharf/2020/02/20/zillow-founder-rich-barton-is-a-billionaire-one-year-after-taking-back-the-company/
- https://finance.yahoo.com/news/legalzoom-reports-fourth-quarter-full-210100585.html
- https://www.tipranks.com/stocks/lz/forecast
- https://finance.yahoo.com/news/why-zillows-stock-jumped-7-220450457.html
- https://coincodex.com/stock/ZM/price-prediction/
- https://www.cuemath.com/data/z-test/
- https://finance.yahoo.com/news/zoom-video-communications-stock-buy-101500233.html
- https://www.fool.com/investing/2024/01/16/could-zoom-video-communications-become-the-next/
- https://www.latimes.com/business/technology/story/2021-11-01/zillow-seeks-to-sell-7-000-homes-for-2-8-billion-after-flipping-halt
- https://stockanalysis.com/stocks/zm/forecast/
- https://stockanalysis.com/stocks/zg/statistics/
- https://homework.study.com/explanation/what-do-the-letters-z-a-and-n-in-nuclear-notation-stand-for.html
- https://www.nasdaq.com/articles/6-key-signs-a-stock-is-a-good-long-term-investment
- https://markets.businessinsider.com/stocks/zg-stock
- https://evolytics.com/resources/calculators/abtesting-zscore-to-confidence/
- https://www.tickertape.in/blog/best-real-estate-stocks-in-india/
- https://companiesmarketcap.com/zillow/stock-splits/
- https://simplywall.st/stocks/us/real-estate-management-and-development/nasdaq-zg/zillow-group/news/health-check-how-prudently-does-zillow-group-nasdaqzg-use-de-1
- https://www.nasdaq.com/articles/heres-why-zoom-video-stock-looks-like-a-cheap-value-play-in-2024
- https://www.nasdaq.com/articles/why-did-zillow-stock-fall-11-last-month
- https://www.investopedia.com/ask/answers/052015/which-has-performed-better-historically-stock-market-or-real-estate.asp
- https://www.khanacademy.org/economics-finance-domain/macroeconomics/aggregate-supply-demand-topic/macro-changes-in-the-ad-as-model-in-the-short-run/a/shifts-in-aggregate-demand-cnx
- https://saylordotorg.github.io/text_principles-of-managerial-economics/s02-03-revenue-cost-and-profit-functi.html
- https://www.cooley.com/news/coverage/2023/2023-09-07-legalzoom-announces-upsized-$161-million-follow-on-public-offering
- https://www.fullstackeconomics.com/p/why-zillow-is-like-my-bad-fantasy-football-team
- https://therealdeal.com/new-york/2022/02/13/zillow-reports-880m-loss-on-failed-home-flipping-business/
- https://www.usnews.com/360-reviews/business/llc-services/legalzoom
- https://stockanalysis.com/stocks/z/forecast/
- https://sparkslawpractice.com/blog/why-you-should-never-use-legalzoom-or-use-diy-online-documents/
- https://www.fool.com/investing/2024/03/03/is-zoom-video-communications-stock-a-buy/
- https://investors.zillowgroup.com/investors/news-and-events/news/news-details/2024/Zillow-Group-Reports-Fourth-Quarter-and-Full-Year-2023-Financial-Results/default.aspx
- https://www.finra.org/investors/investing/investment-products/stocks/evaluating-stocks
- https://www.forbes.com/sites/noahkirsch/2021/04/06/zillow-cofounders-debut-on-forbes-billionaires-list-amid-white-hot-residential-market/
- https://www.investopedia.com/terms/c/cshare.asp
- https://www.businesstoday.in/technology/news/story/zoom-app-for-chromebooks-is-officially-shutting-down-in-august-338130-2022-06-17
- https://capital.com/z-score-definition
- https://zillow.zendesk.com/hc/en-us/articles/216367668-What-makes-a-listing-suspicious
- https://investors.zillowgroup.com/investors/stock-info/information-on-class-c-shares/default.aspx
- https://www.maxrealestateexposure.com/zillow-saves/
- https://www.iclub.com/faq/Home/Article?id=444&category=6&parent=3
- https://fintel.io/so/us/zg
- https://www.inverse.com/input/culture/zillow-lost-881-million-flipping-houses-hot-housing-market-algorithms
- https://www.linkedin.com/pulse/what-ive-learned-from-our-15-acquisitions-spencer-rascoff
- https://www.linkedin.com/pulse/unveiling-insights-four-important-curves-economics-raunak-singh
- https://fintel.io/so/us/zm
- https://www.nasdaq.com/articles/why-zoom-video-communications-could-be-an-underrated-stock
- https://www.fool.com/investing/2024/04/09/why-did-zillow-stock-fall-11-last-month/
- https://seekingalpha.com/article/4679604-zillow-buy-the-dip-after-the-nar-ruling
- https://www.linkedin.com/news/story/why-zillows-algorithm-failed-4589985/
- https://www.nerdwallet.com/article/taxes/taxes-on-stocks
- https://www.marketwatch.com/investing/stock/z/analystestimates
- https://www.redalyc.org/journal/5863/586364184003/html/
- https://statisticsbyjim.com/hypothesis-testing/z-table/
- https://www.litefinance.org/blog/analysts-opinions/zoom-stock-price-prediction/
- https://money.usnews.com/investing/articles/best-value-stocks-to-buy-now
- https://www.investopedia.com/stock-analysis/082515/zillow-splits-its-stock-what-now-investors-zg.aspx
- https://coinpriceforecast.com/zm-stock
- https://www.wsj.com/articles/zillows-shuttered-home-flipping-business-lost-881-million-in-2021-11644529656
- https://www.wallstreetzen.com/stocks/us/nasdaq/zg/stock-forecast
