SeekingAlpha  Sep 15  Comment 
By Marquez Capital Management: Zillow's (NASDAQ:Z) stock is, in spite of its recent move downward, still being offered at an incredibly expensive price for the company's likely revenue growth and operating income prospects over the next few years....
Benzinga  Sep 12  Comment 
Real estate listings giant Zillow, Inc. has partnered with real estate services firm Leju Holdings Limited allowing it to tap China’s wealthy pool of property buyers who could be U.S. real estate’s next investors, according to a new report on...
TheStreet.com  Sep 11  Comment 
NEW YORK (MainStreet) -- Too many homeowners are still underwater, despite a dramatic recovery in real estate prices since the lows of the recession. Homes slip underwater, also known as reaching negative equity, when the mortgage exceeds the...
Mondo Visione  Sep 9  Comment 
The Federal Reserve Board and the Consumer Financial Protection Bureau (CFPB) today announced increases in the dollar thresholds in Regulation Z (Truth in Lending) and Regulation M (Consumer Leasing) for exempt consumer credit and lease...
SeekingAlpha  Sep 9  Comment 
By Stone Fox Capital: In spite of a strong history of year-over-year growth and a shift to online spending in the real estate sector, Zillow (NASDAQ:Z) has seen the stock drop consistently during the fall each year. Though investors shouldn't...
Wall Street Journal  Sep 8  Comment 
The FTC's antitrust review of the merger between real-estate portals Zillow and Trulia will hinge on whether the agency considers the market for all home-listing advertisements, or just those that run online.
TheStreet.com  Sep 8  Comment 
NEW YORK (TheStreet) -- Shares of Trulia Inca are slipping, downa5.01% to $55.35 after the real estate search engine company received a request last Wednesday for additional information from theaFTC in regards to its proposed merger with Zillow ...
Benzinga  Sep 8  Comment 
Zillow Inc (NASDAQ: Z) isn't know for its penchant for dramatic headlines, but CEO Spencer Rascoff changed that today. In a series of epic tweets, Rascoff told his 23,100 followers just what he thinks about tech IPOs, and the challenges firms...
DailyFinance  Sep 8  Comment 
PALO ALTO, CA -- (Marketwired) -- 09/08/14 -- HP (NYSE: HPQ) today introduced its most powerful Z Workstations, combining increased system expandability, higher-speed memory and multicore updates, as well as access to the latest technologies to...
StreetInsider.com  Sep 8  Comment 
The following is a list of notable articles to help get you through the lunch hour: Amazon.com (AMZN) Cuts Fire Phone Price to $0.99 with Two-Year Contract (T) -> Read this! Zillow (Z) Lower on Trulia Merger Worries, Citron Presentation -> Read...


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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