QUOTE AND NEWS
DailyFinance  Feb 23  Comment 
Filed under: Finance, Business, People Jay Z and Roc Nation have invested in several small startups that have seen success. Jay Z may be known for his music, but lately he has inked more business deals than song lyrics. The rapper is launching...
Forbes  Feb 22  Comment 
Jay Z will become the first rapper to join the prestigious Songwriters Hall of Fame as a member of the class of 2017. He joins Kenneth “Babyface” Edmonds, Jimmy Jam & Terry Lewis, Chicago’s Robert Lamm, James Pankow and ex-band member Peter...
Forbes  Feb 22  Comment 
Jay Z made headlines yesterday for his plans to launch a venture fund of his own, but he's not the only one marrying music and tech this week: today Techstars Music revealed the inaugural class of startups for its brand-new three month program.
Benzinga  Feb 22  Comment 
Music icon Jay Z has found his new calling: leading a venture capital fund. According to Axios, Jay Z is launching a venture capital firm along with his longtime business partner Jay Brown. The two are currently looking for a full-time...
Clusterstock  Feb 21  Comment 
Jay Z is entering the world of venture capital. According to Axios' Dan Primack, the rapper and music mogul is launching a VC fund along with Roc Nation President Jay Brown. The pair are looking to add a third investment partner and plan to team...
Wall Street Journal  Feb 19  Comment 
For Generation Z, ‘live chilling’ replaces hanging out in person. Teens are finding their friends via video chat, in apps such as Houseparty, Fam and Kik, writes Christopher Mims.
DailyFinance  Feb 19  Comment 
Filed under: Finance, Real Estate, Financing The affordable-housing crunch worsened last year. In the final quarter of last year, Americans spent the highest share of their incomes on mortgage payments since 2010, according to real estate...
Motley Fool  Feb 17  Comment 
Zillow grew revenue 31% this past year. Now it's laying out its plan to reach $1 billion in 2017.
DailyFinance  Feb 16  Comment 
Filed under: Entertainment, Celebrity, Celebrity News While lots of stars hit the town after the 59th GRAMMY Awards, Beyonce and her squad had a private party that was turned up. On Thursday, the 35-year-old singer shared a bunch of photos...
Forbes  Feb 16  Comment 
The famous parents have hit a roadblock in attempting to trademark their daughter's unique name.




 
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
Wikinvest © 2006, 2007, 2008, 2009, 2010, 2011, 2012. Use of this site is subject to express Terms of Service, Privacy Policy, and Disclaimer. By continuing past this page, you agree to abide by these terms. Any information provided by Wikinvest, including but not limited to company data, competitors, business analysis, market share, sales revenues and other operating metrics, earnings call analysis, conference call transcripts, industry information, or price targets should not be construed as research, trading tips or recommendations, or investment advice and is provided with no warrants as to its accuracy. Stock market data, including US and International equity symbols, stock quotes, share prices, earnings ratios, and other fundamental data is provided by data partners. Stock market quotes delayed at least 15 minutes for NASDAQ, 20 mins for NYSE and AMEX. Market data by Xignite. See data providers for more details. Company names, products, services and branding cited herein may be trademarks or registered trademarks of their respective owners. The use of trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, is sponsored by, endorses, or is endorsed by Wikinvest.
Powered by MediaWiki