Zillow Group IR Blog

Zillow Group February 2021 IR Roundup

February was a busy month for Zillow as the Company reported its Fourth Quarter and Full-Year 2020 results, which beat outlook at a consolidated level and for all three reporting segments. At the same time, Zillow shared its intention to acquire ShowingTime, a platform that will help simplify home touring scheduling for Zillow and industry partners. Zillow also announced that Jeremy Wacksman has been promoted to Chief Operating Officer and, Susan Daimler has been promoted to President of Zillow. The executive promotions are part of an organizational alignment that will centralize Zillow’s product, partner, engineering, and operations teams across the company with a greater focus on the end-to-end customer experience, including solutions for buyers, sellers and renters.

It was an exciting month for tech innovation with the launch of 3D interactive floor plans included in virtual home touring on Zillow and the announcement that Zillow is now making cash offers for the Zestimate on eligible homes in 23 markets. 

Zillow was also the focus of a Saturday Night Live sketch this month that hilariously parodied the uptick in Zillow Surfing during the pandemic. 

See below for a roundup of data, other corporate announcements, and media coverage for Zillow Group from February. 

In Case You Missed It

Competition is Fierce for Home Buyers, But Acting Quickly Could Save Them Hundreds on Their Monthly Payments
How Midwest Cities are Busting the Urban Exodus Myth
Zillow Group to Acquire ShowingTime, the Industry Leader in Home Touring Technology
Zillow Group Reports Fourth-Quarter and Full-Year 2020 Financial Results
Zillow’s Secret to Selling 10,000 Homes (Down to the Paint Color)
Zillow Launches Next-Generation 3D Tours
Intense Demand and Low Mortgage Rates Drive Home Values to Record Highs
Zillow Announces Leadership Promotions to Increase Focus on End-to-End Customer Experience
Vaccine Could Boost Listings Ahead of Home Shopping Season
Zillow Starts Making Cash Offers For the Zestimate

Zillow Group in the News

Zillow Rolls Out Interactive Floor Plans as Video Tours Fall Flat [Wall Street Journal]
In the Pandemic, Online Home-Buying Picks Up Speed [New York Times]
Remote work can unlock productivity or push burnout. Here’s how smart companies are planning for our ‘hybrid’ and WFH future [Insider]
Zillow’s chief people officer unpacks how the company is training managers for its new hybrid workplace [Insider]
Zillow to acquire ShowingTime for $500M [Inman]
Zillow exec on ShowingTime buy: ‘This is not about bypassing agents’ [Inman]
Opinion: Is Zillow the Robinhood of real estate? [Inman]
Opinion: The ShowingTime deal: Another industry ‘Oh shit’ moment [Inman]  
Here’s a first look at Zillow 3D Home Tours’ newest features [Inman]
Zillow names new COO, aims for ‘one-click nirvana’ [Inman]
Zillow’s ‘live offer’ Zestimate launches in 20 markets [Inman]
Zillow offers cash for homes based on ‘Zestimates’ [NBC Nightly News]
Zillow traffic skyrockets as millennials endlessly scroll through real estate listings [NBC Today]
Zillow will now make cash offers for homes based on its ‘Zestimates’ [CNN]
Zillow’s Price Estimates Are Now Cash Offers in Homebuying Push [Bloomberg]
Zillow’s ‘live offer’ Zestimate launches in 20 markets [Inman]
Zillow to make cash offers for houses in Twin Cities based on its estimates [Minneapolis Star-Tribune]
Jim Cramer: Here’s What This Investor Revolution Is About [CNBC]
Zillow hopes to turn flood of ‘real estate porn’ users during Covid into actual sales [CNBC]
Zillow Stock Is Surging. Here’s How the Company Produced Strong Earnings [Barron’s]
Zillow follows SNL spoof with record quarterly profit [Bloomberg]
Zillow’s New Challenge? Turning Browsers Into Buyers [Architectural Digest]
‘SNL’: Zillow Is the (Real Estate) Porn We Want Now [Rolling Stone]
This “SNL” Skit About Zillow Is Painfully Relatable [BuzzFeed]
Zillow skit on Saturday Night Live goes viral as show pokes fun at house-browsing ‘fantasies’ [GeekWire]
‘Saturday Night Live’ Throws a Super Bowl Party With Host Dan Levy [New York Times]
Dan Levy’s Zillow Ad On ‘SNL’ Hit Way Too Close To Home [Yahoo! Life]
‘Real estate is your sex now’: SNL sketch skewers people’s obsession with Zillow — 3 reasons millennials can’t stop scrolling [MarketWatch]


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 or beyond. 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 and in Zillow Group’s Quarterly Report on Form 10-Q for the three months ended September 30, 2020 filed with the SEC and in Zillow Group’s other filings with the SEC. 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. 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.


Zestimate and ‘Zillow Surfing’ featured on NBC Nightly News with Lester Holt & Today Zillow Group March 2021 IR Roundup