Sign in

    Zillow Group Inc (ZG)

    You might also like

    Business Description

    Zillow Group, Inc. (ZG) operates as a leading real estate technology company, providing a comprehensive platform for real estate listings, information, and services. The company connects users with real estate professionals and offers tools for buying, selling, renting, and financing homes. Its offerings include advertising and marketing services, mortgage origination, and innovative technology solutions tailored to the real estate market.

    1. Internet, Media & Technology (IMT) - Provides a platform for real estate listings, rentals, and advertising services. Includes sub-products such as:

      • Premier Agent - Offers advertising opportunities for real estate agents to connect with potential buyers and sellers.
      • Rentals - Facilitates rental property listings and advertising for property managers and rental agents.
      • Other IMT - Includes new construction marketplaces, business technology solutions like ShowingTime+, and other advertising services.

    2. Mortgages - Operates Zillow Home Loans, offering mortgage origination services and reselling mortgages on the secondary market. Also includes advertising sold to mortgage lenders.

    3. Homes - Provides title and escrow services through Zillow Closing Services, supporting real estate transactions.

    Key Metrics

    View all financials →

    Executive Team

    NamePositionStart DateShort Bio
    Richard N. BartonCo-Founder, Co-Executive ChairmanAugust 2024Co-founded Zillow in 2004. Served as CEO from 2004–2010 and 2019–2024. Transitioned to Co-Executive Chairman in August 2024.
    Lloyd D. FrinkCo-Founder, Co-Executive ChairmanAugust 2024Co-founded Zillow in 2004. Held various leadership roles, including President since 2005 and Executive Chairman since 2019. Transitioned to Co-Executive Chairman in August 2024.
    Jeremy WacksmanChief Executive OfficerAugust 2024Joined Zillow in 2009. Held roles such as COO (2021–2024) and President (2019–2021). Became CEO in August 2024.
    Jun ChooChief Operating OfficerNovember 2024Joined Zillow in 2015 via Trulia acquisition. Held leadership roles, including SVP of Real Estate Software (2022–2024). Became COO in November 2024.
    Jeremy HofmannChief Financial OfficerMay 2023Joined Zillow in 2018. Previously SVP of Corporate Development and Strategy (2022–2023). Became CFO in May 2023.
    Susan DaimlerPresident of ZillowFebruary 2021Joined Zillow in 2012 after Buyfolio acquisition. Held roles such as SVP, Premier Agent (2018–2021). Became President in February 2021.
    David A. BeitelChief Technology OfficerFebruary 2005Joined Zillow in 2005. Previously CTO at Expedia (2003–2005) and part of the original Expedia team at Microsoft.
    Bradley D. OwensSVP, General Counsel, Corporate SecretarySeptember 2014Joined Zillow in 2012 as corporate counsel. Became General Counsel in 2014 and Corporate Secretary in 2018.
    Jennifer RockChief Accounting OfficerOctober 2018Joined Zillow in 2015. Held roles such as Interim CFO (2018). Became Chief Accounting Officer in October 2018.
    Errol G. SamuelsonChief Industry Development OfficerMarch 2014Joined Zillow in 2014. Previously held leadership roles at Move, Inc., including President of Realtor.com (2007–2014).
    Dan SpauldingChief People OfficerApril 2016Joined Zillow in 2016. Previously held HR leadership roles at Starbucks and Life Technologies.

    Questions to Ask Management

    1. Given the ongoing regulatory changes and recent NAR settlements, how do you anticipate these industry evolutions will impact Zillow's Premier Agent business, particularly concerning commission rates and your relationships with top agents?

    2. You mentioned that stock-based compensation expenses are down year-over-year and that you plan to leverage them going forward; can you provide specific targets for stock-based compensation over the next two years and elaborate on how this will contribute to achieving sustained GAAP profitability?

    3. With Zillow Showcase now representing nearly 1.5% of new listings, what challenges are you encountering in scaling this product to your medium-term goal of 5–10% of total active listings, and how are you addressing operational hurdles and agent adoption to accelerate this growth?

    4. Despite maintaining your annual fixed cost run rate at approximately $1 billion, how do you plan to manage variable costs, especially in marketing and advertising, to ensure EBITDA margin expansion in a potentially prolonged choppy macro environment with high mortgage rates?

    5. As you settle your convertible senior notes and repurchase shares, reducing your cash and investments, how do you balance returning capital to shareholders with the need to invest in growth opportunities, and what impact might this have on your financial flexibility amid potential macroeconomic headwinds?

    Share Repurchase Program

    Program DetailsProgram 1
    Approval DateN/A
    End Date/DurationN/A
    Total Additional Amount$2.5 billion
    Remaining Authorization$381 million
    DetailsIncludes repurchase of Class A common stock, Class C capital stock, and outstanding Notes.