Zillow Group, Inc. (Z) Bundle
A Brief History of Zillow Group, Inc. (Z)
Company Founding and Early Years
Zillow was founded in 2006 by Rich Barton and Lloyd Frink in Seattle, Washington. The company went public on July 20, 2011, trading on the NASDAQ under the ticker symbol Z.
Financial Performance
| Fiscal Year | Revenue | Net Income/Loss |
|---|---|---|
| 2022 | $3.35 billion | ($528 million) |
| 2023 | $2.98 billion | ($401 million) |
Key Business Segments
- Zillow Offers (iBuying program discontinued in 2021)
- Zillow Premier Agent
- Zillow Home Loans
- Trulia
Operational Metrics
As of Q4 2023, Zillow reported:
- Monthly unique users: 207 million
- Mobile app downloads: 62.4 million
- Total homes viewed: 2.4 billion
Stock Performance
| Date | Stock Price | Market Cap |
|---|---|---|
| January 2024 | $27.53 | $6.2 billion |
Leadership
Current CEO: David Gottesman (appointed in 2023)
Major Acquisitions
- Trulia (2015) - $3.5 billion
- ShowingTime (2021) - $500 million
Employee Information
Total employees: 5,400 (as of Q4 2023)
A Who Owns Zillow Group, Inc. (Z)
Major Shareholders
| Shareholder | Percentage Ownership |
|---|---|
| The Vanguard Group, Inc. | 9.42% |
| BlackRock Inc. | 7.85% |
| Rich Barton (Co-Founder) | 4.95% |
| Spencer Rascoff (Former CEO) | 2.61% |
Institutional Ownership
As of Q4 2023, institutional investors own approximately 93.24% of Zillow Group's total shares.
Top Institutional Investors
- The Vanguard Group: 9.42%
- BlackRock Inc.: 7.85%
- Fidelity Management & Research: 5.63%
- State Street Corporation: 4.72%
Insider Ownership
Insider ownership stands at 6.76% of total shares as of 2024.
Public Float
Public float is approximately 128.5 million shares.
Ownership Structure
| Category | Percentage |
|---|---|
| Institutional Investors | 93.24% |
| Insider Ownership | 6.76% |
Zillow Group, Inc. (Z) Mission Statement
Company Overview
Zillow Group, Inc. (Z) reported total revenue of $2.88 billion in 2022. The company operates through multiple real estate and rental platforms.
Core Business Segments
| Segment | Revenue (2022) | Market Focus |
|---|---|---|
| Zillow Offers | $1.34 billion | Direct home buying/selling |
| Premier Agent | $1.05 billion | Real estate agent advertising |
| Rental | $394 million | Rental marketplace |
Mission Statement Components
- Transform real estate transaction experience
- Provide transparent property information
- Simplify home buying/selling process
Strategic Objectives
Zillow Group aims to:
- Reduce friction in real estate transactions
- Leverage technology for market efficiency
- Provide comprehensive property data
Financial Performance
| Metric | 2022 Value | Year-over-Year Change |
|---|---|---|
| Total Revenue | $2.88 billion | -21.3% |
| Net Income | -$528 million | Negative |
| Market Capitalization | $4.6 billion | -58% |
Technology Platform Metrics
Key digital platform statistics:
- Monthly unique users: 221 million
- Mobile app downloads: 47.3 million
- Property listings: Over 135 million
How Zillow Group, Inc. (Z) Works
Company Overview
Zillow Group, Inc. is a technology company headquartered in Seattle, Washington, with a market capitalization of $5.98 billion as of January 2024. The company operates multiple real estate and rental platforms including Zillow, Trulia, StreetEasy, and HotPads.
Revenue Streams
| Revenue Source | 2023 Estimated Revenue |
|---|---|
| Premier Agent Segment | $1.2 billion |
| Zillow Offers (Discontinued) | $0 |
| Mortgages | $213 million |
| Rental Services | $340 million |
Key Business Segments
- Premier Agent Platform
- Zillow Home Loans
- Rental Management Services
- Real Estate Marketplace
Platform Usage Statistics
As of Q4 2023, Zillow reported:
- Monthly unique users: 206 million
- Mobile app downloads: 57.4 million
- Total website and app visitors: 2.4 billion annually
Financial Performance
| Financial Metric | 2023 Value |
|---|---|
| Total Revenue | $2.98 billion |
| Net Income | $-156 million |
| Operating Expenses | $3.1 billion |
Technology Infrastructure
Zillow utilizes advanced machine learning algorithms to estimate property values, with a Zestimate accuracy median error rate of 2.4% for on-market homes.
Geographic Reach
- Active in all 50 U.S. states
- Covers over 135 million homes in database
- Serves approximately 85% of U.S. population
How Zillow Group, Inc. (Z) Makes Money
Revenue Streams
Zillow Group generates revenue through multiple segments:
- Homes Segment
- Mortgages Segment
- Rentals Segment
- Advertising Services
Financial Performance
| Financial Metric | 2023 Amount |
|---|---|
| Total Revenue | $2.93 billion |
| Net Income | $-298 million |
| Zillow Offers Revenue | $1.43 billion |
Homes Segment Revenue Sources
Zillow Offers generates revenue through:
- Home purchase and sales
- Home renovation services
- Home transaction fees
Advertising and Premier Agent Services
| Service | 2023 Revenue |
|---|---|
| Premier Agent Advertising | $745 million |
| Display Advertising | $327 million |
Mortgage Services Revenue
Zillow generates mortgage-related revenue through:
- Mortgage marketplace fees
- Lead generation for mortgage lenders
- Mortgage application processing
Rentals Segment Revenue
Rental-related revenue sources include:
- Rental listing fees
- Rental application fees
- Rental marketing services
Technology Platform Monetization
Zillow monetizes its technology platform through:
- Data licensing
- API access fees
- Software-as-a-Service offerings
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