RBC Capital Reiterates Outperform on Zillow Group, Inc. (ZG) Following Earnings Report
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Zillow Group Reports Third Quarter 2016 Results
November 1, 2016 4:07 PM EDTRecord Revenue of $224.6 million increased 35% year-over-year, excluding revenue from Market Leader, which was divested in the third quarter of 2015.Marketplace Revenue of $206.9 million increased 45% year-over-year, excluding revenue from Market Leader.Record GAAP net income of $6.8 million increased 126% year-over-year; Adjusted EBITDA of $59.5 million increased 102% year-over-year. More than 164 million average monthly unique users visited Zillow Group consumer brands Zillow®, Trulia®, StreetEasy®, HotPads® and Naked Apartments® during the quarter.Zillow Group captured nearly three quarters of total market share for the mobile-only real estate category.
SEATTLE, Nov. 01, 2016 (GLOBE NEWSWIRE)... More
30-Year Fixed Mortgage Rates Climb to Four Month High; Current Rate is 3.40%, According to Zillow Mortgage Rate Ticker
November 1, 2016 2:04 PM EDTSEATTLE, Nov. 01, 2016 (GLOBE NEWSWIRE) -- The 30-year fixed mortgage rate on Zillow®... More
Most Home Buyers Keep Their Options Open, Consider Renting Instead
October 31, 2016 8:00 AM EDTSEATTLE, Oct. 31, 2016 /PRNewswire/ -- In today's competitive housing market, most of those who moved recently considered both buying and renting while looking for a new place to live, according to the Zillow Group Report on Consumer Housing Trends.
It takes more than 10 weeks to find a new home to rent and more than 12 weeks for those with low incomes or those searching in tight rental markets, according to an analysis of the Zillow Group Report... More
HomeSmart Expands Partnership with Zillow Group
October 31, 2016 8:00 AM EDTSEATTLE, Oct. 31, 2016 /PRNewswire/ -- Zillow Group, which houses a portfolio of the largest and most vibrant real estate and home-related brands on mobile and Web, today announced HomeSmart, a large real estate company headquartered in Scottsdale, Ariz., has expanded its partnership with Zillow Group. HomeSmart has 11,000 agents through 17 states and 92 offices.
Through this expanded agreement, HomeSmart's listings on Zillow® and Trulia® have guaranteed listing agent exposure while delivering enhanced brokerage branding with prominent display of their brokerage logo, a company description, and an embedded video on every HomeSmart listing page across Zillow and Trulia.... More
