TheStreet.com  Jul 16  Comment 
NEW YORK (TheStreet) –– Zillow is pushing further into the online real estate space through acquisitions. On Wednesday, it announced that it has acquired Retsly, a Vancouver-based software maker that crunches real estate data from multiple...
The Economic Times  Jul 14  Comment 
'We have to brace ourselves for the fact that this problem would not have persisted for a decade if it was solvable in two or three or four quarters.'
Motley Fool  Jul 13  Comment 
Will Samsung ever actually launch its Tizen-based Z? Probably not.
Clusterstock  Jul 12  Comment 
It's really hard for a middle class family to buy a house along the California coast. Real estate research and marketplace site Zillow routinely calculates an index of housing affordability. First, they use a proprietary statistical model to...
Forbes  Jul 11  Comment 
HBO announced yesterday (July 10) that it has signed a deal with superstar couple Beyonce and Jay Z to air a concert special later this year. The footage will all be taken from the married duo’s On The Run Tour, which kicked off in Miami in late...
SeekingAlpha  Jul 9  Comment 
By Alpha Now at Thomson Reuters: By Steven Carroll Seattle-based Zillow (Z) is an online real estate database that was founded in 2005 and it's been doing all the right things - surging revenue, booming stock price, lofty expectations. ...
Benzinga  Jul 9  Comment 
Macquarie Research initiated coverage on the following companies: Zillow (NASDAQ: Z) - Outperform, $164 price target Trulia (NYSE: TRLA) - Outperform, $56 PT HomeAway (NASDAQ: AWAY) - Neutral, $39 PT © 2014 Benzinga.com....
New York Times  Jul 9  Comment 
The festival will run on the Great Lawn in Central Park on Sept. 27, with Jay Z, Carrie Underwood, No Doubt and the Roots.
Forbes  Jul 3  Comment 
A few weeks ago, a "breaking news" update dropped into my inbox and as usual I scrambled to click the link. The news? Well apparently Jay Z and Beyoncé's On The Run tour isn't struggling. If there was a thought bubble above my head it would have...
Motley Fool  Jul 3  Comment 
This growth company keeps on winning - but is it moving too fast?


Zillow, Inc (NASDAQ:Z) runs a web marketplace for real estate. The website allows homeowners, buyers, sellers, renters, and real estate agents to connect through the website. In addition, the site provides estimates on the value of homes using a proprietary algorithm. Zillow makes money through subscriptions paid by real estate agents and professionals in order to post their profiles on the site. This allows real estate professionals to gain access to customers and allows customers to more clearly understand their options. The company also makes money through traditional advertising displayed on the website.[1]

Business Overview

For the full year 2010, Zillow reported a total revenue of $30.5M, a 74% increase over the previous year. The company had a net loss for the same period of $6.8M.[2]

New Updates

The company's initial public offering of stock on the NASDAQ occurred on July 19, 2011. The company offered 3.5M shares each for $20. This was above the revised price range of $16-$18. The initial price range was $12-$14. The deal raised a total of $70. The lead underwriter was Citigroup (C).[3]

Trends & Forces

Reliance on real estate professionals

Zillow's business model is to allow free access to individuals who want to buy, sell or rent, while only charging professionals. As a result, Zillow must continue to provide enough value to real estate professionals in order to provide reason for them to pay their subscriptions. The page views of individuals is important as it translates to more valuable subscriptions for professionals, yet this is only indirect. Real estate professionals will only be willing to pay for subscriptions to the extent that it helps them attract new customers.[4]

Dependence on the real estate market

Because Zillow's revenues are closely tied to the level of traffic and the level of subscriptions to the site, its performance is based on the real estate market. A slow market where relatively few homes are being bought and sold will result in decreased interaction on the site and so less revenue. By contract, increased market activity may cause usage of the site to rise.[5]

  1. Z S-1/A 2011 PROSPECTUS SUMMARY "Our Company" pg 1-3
  2. Z S-1/A 2011 PROSPECTUS SUMMARY "Summary Financial and Other Data" pg 9
  3. Renaissance Capital - IPO Home "Zillow surges on early trading" 20 July 2011
  4. Seeking Alpha "Will Zillow's IPO Wow the Market?" 18 July 2011
  5. Z S-1/A 2011 PROSPECTUS SUMMARY "Risk Factors" pg 12-18
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