QUOTE AND NEWS
Forbes  May 22  Comment 
Paramount/Viacom Inc. has announced that they are slotting World War Z 2 (or whatever they end up calling it) on June 9th, 2017. That is a release date already occupied by 20th Century Fox’s The Fantastic Four 2 (or whatever they end up calling...
MarketWatch  May 21  Comment 
America is in a rent crisis and there is no sign of relief in the horizon as rents continue to surge ahead of home value growth, according to Zillow.
CNNMoney.com  May 21  Comment 
Rent checks are getting bigger.
TechCrunch  May 18  Comment 
 They’ve got the money, but he’s got the microphone. This weekend,  Jay Z threw some punches at the big tech companies who compete with his upstart music streaming service Tidal. The freestyle came as part of Jay Z’s “B-Sides” concert,...
Forbes  May 16  Comment 
Infosys aims a youth banking app at banks that want to aim at Gen Z and have the solution up and running quickly.
Motley Fool  May 15  Comment 
Zillow Group Inc is gearing up for more growth.
TheStreet.com  May 14  Comment 
// NEW YORK (The Deal) -- Affinity Gaming's special committee of independent directors has hired Deutsche Bank Securities to advise on its strategic review, a source familiar with the situation told The Deal. The casino...
TheStreet.com  May 13  Comment 
NEW YORK (TheStreet) -- Zillow stumbled after missing first-quarter revenue estimates and concerns surrounding its current quarter Ebitda forecast. Facebook pulled higher as the company launches Instant Articles and demands improved pay for...
Benzinga  May 13  Comment 
News Corp (NASDAQ: NWSA) completed the acquisition of real estate portal Move in November 2014. Since that acquisition, a lot has happened in the online real estate space, most notably, the acquisition of Trulia Inc (NYSE: TRLA) by Zillow Group...




 
TOP CONTRIBUTORS

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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