Items Tagged with 'Zillow Earnings'

ARTICLES

  • Zillow replaces CEO Spencer Rascoff with original CEO Rich Barton

    Rascoff steps down after leading company since 2010
    In what can only be categorized as a shocking development, Zillow Group announced Thursday that Spencer Rascoff is stepping down as the company’s CEO, a position he’s held since 2010. Rascoff, who helped found Zillow, took over as CEO in 2010 for Rich Barton, who served as the company’s first CEO and is also a co-founder. And Zillow isn’t looking too far to find Rascoff’s replacement, as the online real estate giant announced that Barton is returning to serve as CEO again.
    Read More
  • Zillow stock tanks

    Suffers worst day since going public
    Zillow’s stock dropped more today than it ever has in a day's trading following yesterday's release of the real estate giant's third quarter earnings report.
    Read More
  • Zillow just had its best quarter ever

    Sees record profit and revenue in third quarter
    There seems to be something about the third quarter that’s good for Zillow's business. Last year’s third quarter saw the company post its biggest profit ever – and its first quarterly profit since the fourth quarter of 2013. Since then, it's been three straight quarters back in the red for Zillow. But now that the third quarter has come around again, Zillow is back in the black, with another record-breaking quarter.
    Read More
  • Zillow just reported its best year ever, in nearly every way

    Record revenue and traffic, but still posts a net loss
    Zillow Group, the online real estate giant that includes brands like Zillow, Trulia, SreetEasy, HotPads, and Naked Apartments, just turned in its best year ever from a revenue and traffic perspective, but still posted a net loss for the year, the company said Tuesday afternoon. But the company plans to keep growing in 2017, stating that it plans to bring in $1 billion in revenue this year.
    Read More
  • Zillow reports record traffic, but bottom line dented by Move/News Corp legal battle

    Legal costs drag down Zillow earnings again
    Things have never been better for the Zillow Group websites, which includes consumer brands Zillow, Trulia, StreetEasy, HotPads and Naked Apartments, in terms of website traffic, but the company's bottom line was again negatively affected by Zillow’s legal battle against Move, Realtor.com, the National Association of Realtors and News Corp.
    Read More
  • Move/News Corp legal battle drags down Zillow Group earnings in 2015

    Posts net loss of $91.1 million; sees traffic decline in 4th quarter
    The Zillow Group family of websites, which includes Zillow and Trulia, announced its 2015 financial results on Thursday, with the company reporting a pro forma net loss of $91.1 million in 2015. According to Zillow, a large portion of the net loss was driven by the legal fees associated with Zillow’s legal battle with Move, which is now owned by News Corp, over claims of allegations of trade secret theft involving Errol Samuelson, who was once Move's chief strategy officer.
    Read More
  • Zillow-Trulia deal receives FTC approval, will close in days

    Zillow reports record revenue in 2014
    Zillow's once-controversial acquisition of its largest competitor is days away from completion, perhaps as soon as the markets reopen. The company announced late Friday that its proposed $2.3 billion merger with Trulia is expected to close within days, following notification that the Federal Trade Commission closed its investigation of the merger.
    Read More