Zillow Group Inc. (NASDAQ: Z)
Internet Content & Information ยท Seattle, WA, United States ยท Founded 2006
- Market capitalization: $14.0 billion
- Annual revenue: $0.33 billion
- Net income: $-0.04 billion
- Employees: 6,700
- Sector: Communication Services
- Headquarters: Seattle, United States
- Founded: 2006
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Zillow is the most-visited real estate website in the US, with over 200 million monthly unique users checking home values, listings, and rental prices. After a disastrous foray into home-flipping (Zillow Offers), they've refocused on their core marketplace and mortgage businesses. The Zestimate has become the de facto home valuation tool for consumers.
Advertising revenue from real estate agents who pay for leads and premium placement on the platform. They also earn from mortgage origination through Zillow Home Loans and rental marketplace fees. The pivot to a "housing super app" is the current strategy.
Founded in 2006 by Rich Barton and Lloyd Frink (both ex-Expedia), Zillow went public in 2011. They acquired Trulia in 2015 for $3.5 billion, consolidating the online real estate market. The Zillow Offers iBuying program launched in 2018 and was shut down in 2021 after losing over $500 million.
| Market Capitalization | $14.0B |
| Annual Revenue | $0.33B |
| Net Income | $-0.04B |
| Profit Margin | -12% |
| Revenue per Employee | $49254K |
| Stock Exchange | NASDAQ |
| Ticker Symbol | Z |
Financial data is approximate and based on most recent annual filings.
Zillow Offers' shutdown required selling 7,000 homes at a loss โ one of the most spectacular strategic retreats in tech history. The Zestimate has been cited in divorce proceedings, estate disputes, and tax appeals across the country.
Zillow owns the top of the real estate funnel, which is incredibly valuable. The iBuying debacle was painful, but the refocused strategy makes more sense.
What is Zillow Group Inc.'s revenue?
Zillow Group Inc. generates approximately $0.33 billion in annual revenue.
How many employees does Zillow Group Inc. have?
Zillow Group Inc. employs approximately 6,700 people worldwide.
What is Zillow Group Inc.'s market cap?
Zillow Group Inc. (Z) has a market capitalization of approximately $14.0 billion on the NASDAQ.
When was Zillow Group Inc. founded?
Zillow Group Inc. was founded in 2006 and is headquartered in Seattle, WA, United States.
Who is the CEO of Zillow Group Inc.?
Jeremy Wacksman is the current CEO of Zillow Group Inc..
What is Zillow Group Inc.'s website?
Zillow Group Inc.'s official website is zillow.com.
| CEO | Jeremy Wacksman |
| Sector | Communication Services |
| Industry | Internet Content & Information |
| Founded | 2006 |
| HQ | Seattle, WA |
| Country | United States |
| Website | zillow.com |
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