Forbes  10 hrs ago  Comment 
Cries declaring Jay Z's Tidal as a "flop" may be premature. Here's why.
Benzinga  Apr 23  Comment 
If music celebrities such as Kanye West, Nicki Minaj, Deadmau5, Daft Punk, Alicia Keys, Rihanna, Beyonce and even Jay Z himself are tweeting about a new streaming music app, it must be a hit, right? Unfortunately for Jay Z and his...
Yahoo  Apr 23  Comment 
Yahoo Finance's Midday Movers is live each weekday at 12pm ET, covering all the latest news on the markets, the economy and the biggest stories of the day.
guardian.co.uk  Apr 22  Comment 
It had the backing of artists such as Kanye West and Rihanna and was hailed as the music industry’s salvation, but Tidal is showing early signs of failure It was launched at a star-studded event where Daft Punk came in full costume, Alicia Keys...
CNNMoney.com  Apr 22  Comment 
Read full story for latest details.
guardian.co.uk  Apr 22  Comment 
The streaming service launched as an alternative to Spotify seems to have floundered. In fact, it may even have boosted sales of its rivals It seems Tidal has not made the big waves it was hoping for. One month after its launch, the streaming...
SeekingAlpha  Apr 20  Comment 
guardian.co.uk  Apr 17  Comment 
Peter Tonstad named interim chief executive, replacing Andy Chen Jay Z and Jack White personally call subscribers to thank them Andy Chen will no longer serve as the chief executive of Tidal, Jay Z’s music streaming service, the company...
Benzinga  Apr 16  Comment 
On Tuesday, Oppenheimer & Co. Inc. (Opco) published a note updating their model on Zillow Group Inc (NASDAQ: Z) after CEO Spencer Rascoff lowered Zillow guidance for FY 2015. Opco's Zillow Highlights FY 2015 EBITDA lowered to just $80 - $85...
Benzinga  Apr 15  Comment 
Shares of Zillow Group Inc (NASDAQ: Z) plummeted more than 12 percent during early trading on Tuesday, but made a recovery during the rest of the trading day to close the day down only 1.38 percent from previous close. The reason for the slump...


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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