Zillow Group Feb. 2020 IR Roundup
In February, Zillow Group announced fourth quarter and full year earnings results. Zillow Group CEO and co-founder, Rich Barton was also named to CNN’s ‘Risk Takers’ list for his bet to bring the “one-click” dream to real estate. A total of 20 executives were recognized by CNN including Bob Iger of Disney, Dawn Ostroff of Spotify, and Ted Sarandos of Netflix.
See below for a roundup of major corporate announcements and media coverage for Zillow Group from the month of February.
In Case You Missed It
Durkan and Constantine Launch Zillow-Powered Search Tool to Help Solve Affordable Housing Disconnect
Zillow Group Reports Fourth Quarter and Full Year 2019 Financial Results
Zillow Group CEO Rich Barton and CFO Allen Parker to Attend 2020 Morgan Stanley Technology, Media & Telecom Conference
Customer Stories
Zillow Offers Streamlines a Move For Family of 7
Zillow Group in the News
Zillow Shares Surge Most in a Year After Revenue Beats Estimates [Bloomberg]
Zillow results boosted by strong performance in home unit, shares rise [Reuters]
Zillow Group Stock Is Flying After Earnings Beat [Barron’s]
Zillow Group beats estimates with $943.9M in Q4 revenue to cap a ‘tumultuously remarkable’ 2019 [GeekWire]
Zillow’s iBuyer sends revenue soaring in Q4, beats expectations [Inman News]
Zillow Jumps on Beat Forcing Wary Analysts to Raise Targets [Bloomberg]
Selling your home is complicated. Zillow wants to change that [CNN Business – VIDEO]
Zillow is losing millions on selling homes. But its risk-taking CEO isn’t worried [CNN Business]
Zillow declares mission accomplished, debuts new comprehensive vision [Inman News]
Zillow fans the winds of change in Canada’s housing industry [The Globe & Mail]
Technology is poised to upend America’s property market [The Economist]
The cost of buying and selling homes is too high [The Economist]
Zillow Group’s monthly IR Roundups are not intended to be a comprehensive report of all of the company’s mentions by the media online, in print and on television. Zillow Group intends to use its @ZillowGroup Twitter account and Zillow Group IR Blog, in addition to its investor relations website, press releases, SEC filings and public conference calls and webcasts, as means of disclosing information about the company, its services and other matters and for complying with its disclosure obligations under Regulation FD. Zillow Group does not endorse or adopt the views expressed in third-party materials linked above.
Forward-Looking Statements
This communication contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 that involve risks and uncertainties, including, without limitation, statements regarding our business outlook, market opportunities, strategic partnerships and operational plans for 2020. Statements containing words such as “may,” “believe,” “anticipate,” “expect,” “intend,” “plan,” “project,” “will,” “projections,” “continue,” “business outlook,” “forecast,” “estimate,” “outlook,” “guidance,” or similar expressions constitute forward-looking statements. Differences in Zillow Group’s actual results from those described in these forward-looking statements may result from actions taken by Zillow Group as well as from risks and uncertainties beyond Zillow Group’s control. Factors that may contribute to such differences include, but are not limited to, Zillow Group’s ability to execute on strategy; Zillow Group’s ability to maintain and effectively manage an adequate rate of growth; Zillow Group’s ability to innovate and provide products and services that are attractive to its users and advertisers; Zillow Group’s investment of resources to pursue strategies that may not prove effective; natural disasters, epidemics or pandemics, like COVID-19 that could negatively impact our business; and the impact of the real estate market and economy on Zillow Group’s business. The foregoing list of risks and uncertainties is illustrative but not exhaustive. For more information about potential factors that could affect Zillow Group’s business and financial results, please review the “Risk Factors” described in Zillow Group’s Annual Report on Form 10-K for the year ended December 31, 2019 filed with the Securities and Exchange Commission, or SEC, and in Zillow Group’s other filings with the SEC. Forward-looking statements were made based on information available as of the original publication dates and are not being affirmed or updated with this communication. Except as may be required by law, Zillow Group does not intend, and undertakes no duty, to update this information to reflect future events or circumstances.