Zillow Group Inc
Z
ISIN US98954M1018 / Valor 29031973
Zillow Group Inc
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About company
Zillow Group Inc. is a leading digital real estate company that offers a comprehensive suite of products and services aimed at enhancing the real estate transaction process for both professionals and consumers. The company's portfolio includes ShowingTime+, a technology suite that encompasses ShowingTime, dotloop, Bridge Interactive, Listing Media Services, and Listing Showcase, designed to streamline operations for real estate professionals and improve customer experiences. Zillow.com, the company's flagship website, aggregates for-sale and rental listings and integrates listings from the National Association of Realtors, making it a central hub for home buyers and sellers. Zillow Group has expanded its offerings to include Zillow Home Loans for mortgage pre-approvals and financing, and Zillow Premier Agent, which connects consumers with a network of trusted real estate professionals. Additionally, Zillow has innovated in the mortgage sector with the launch of Mortgage Marketplace for transparent loan quotes and the acquisition of Mortgage Lenders of America, enabling direct financing options. The company has also embraced technology to enhance property listings with AI-powered 3D Home Tours and introduced Smart Search for a more personalized home search experience. Through these diverse services and products, Zillow Group aims to simplify real estate transactions and make property information more accessible to everyone.
Summarized from source with an LLMView SourceSector: FinanceLatest Results (18.12.2024):
Revenue Growth
Zillow Group Inc. reported a 17% increase in total revenue for the third quarter of 2024, reaching $581 million. This growth surpassed the company's outlook range by $28 million and outperformed the residential real estate industry's total transaction value growth of 2%.
Segment Performance
In the third quarter of 2024, Zillow Group Inc.'s Residential revenue rose by 12% year over year to $405 million. Rentals revenue saw a significant increase of 24% to $123 million, driven by a 38% growth in multifamily revenue. Additionally, Mortgages revenue surged by 63% to $39 million, primarily due to an 80% increase in purchase loan origination volume.
Net Loss
For the third quarter of 2024, Zillow Group Inc. reported a net loss of $20 million, which represents 3% of the total revenue. This loss is calculated on a GAAP basis.
Adjusted EBITDA
Zillow Group Inc.'s Adjusted EBITDA for the third quarter of 2024 was $127 million, accounting for 22% of total revenue. This figure exceeded the midpoint of the company's outlook range by $24 million, largely due to higher-than-expected Residential revenue.
Cash and Investments
At the end of the third quarter of 2024, Zillow Group Inc. had cash and investments totaling $2.2 billion, a decrease from $2.6 billion at the end of the second quarter. This reflects the company's ongoing investments and financial activities during the quarter.
Summarized from source with an LLMView SourceKey figures
Performance
Volatility
13708 M
Market cap (USD)
353,710
Daily traded volume (Shares)
77.52 / 75.93
1 day high/low (USD)
52 weeks high/low (USD)
Dividend ex-date
Dividend (USD)
Dividend yield (p.a.)
Est dividend (USD)
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P/E ratio
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EPS (USD)
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Ratings & reviews
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