zillow inc-class a (Z) Details
Zillow, Inc. engages in the operation of a real estate and home-related information marketplace on mobile and the Web in the United States. The company owns and operates Zillow.com; Zillow Mobile, a suite of home-related mobile applications; Zillow Mortgage marketplace, where borrowers connect with lenders to find loans and get mortgage rates; Zillow Digs, a home improvement marketplace for consumers to find visual inspiration and local cost estimates; and Zillow Rentals, a marketplace and suite of tools for rental professionals, Postlets, Solutions, Buyfolio, Mortech, and HotPads. It also offers current home value and rental price estimates; and for sale and rental listings. In addition, the company provides Premier Agent program, which offers a suite of marketing and business technology solutions for real estate agents; and display advertising services, including graphical mobile and Web advertising services on its home page and on individual Web pages, as well as information products and services to make decisions about homes. Further, it offers consumers with ratings and contact information for the listing agent and local buyer’s agents alongside home profiles and listings for homes for evaluating and selecting the real estate agent suited for them; and home-related advice and discussions through Zillow Advice section of its Zillow.com Website that captures questions and discussion topics from users, including consumers and real estate, mortgage, and rental professionals. The company’s customers include advertisers primarily in the real estate industry, including real estate brokerages, home builders, mortgage lenders, and home services providers; and advertising customers comprising telecommunications, automotive, insurance, and consumer products companies. Zillow, Inc. was incorporated in 2004 and is headquartered in Seattle, Washington.
Last Reported Date: 02/22/13
Founded in 2004
zillow inc-class a (Z) Top Compensated Officers
Chief Executive Officer and Director
Total Annual Compensation: $331.4K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $212.5K
Chief Revenue Officer
Total Annual Compensation: $248.3K
Chief Technology Officer
Total Annual Compensation: $268.4K
General Counsel and Secretary
Total Annual Compensation: $331.9K
Compensation as of Fiscal Year 2012.
Zillow, Inc. Reports Unaudited Earnings Results and Operating Results for the First Quarter Ended March 31, 2013; Provides Earnings Guidance for Second Quarter 2013 and Revised Earnings Guidance for Fiscal 2013
May 7 13
Zillow, Inc. reported unaudited earnings results and operating results for the first quarter ended March 31, 2013. The company reported revenue of $38,966,000, loss from operations of $3,802,000, net loss of $3,747,000 or $0.11 per basic and diluted share against revenue of $22,833,000, income from operations of $1,693,000, net income of $1,724,000 or $0.06 per basic and diluted share a year ago. EBITDA for the quarter was $5.1 million, representing 13% of revenue. Adjusted EBITDA was $5,123,000 against $5,447,000 a year ago. Net cash provided by operating activities was $2,289,000 against $6,498,000 a year ago. Purchase of property and equipment was $5,944,000 against $2,525,000 a year ago.
Premier Agent subscribers increased by a record 4,557 in the first quarter of 2013, and totaled 34,030 on March 31, 2013, up 83% year-over-year. Average monthly revenue per subscriber in the first quarter of 2013 was $259, which declined slightly year-over-year and sequentially due primarily to the record additions of new subscribers, as new Premier Agents typically start at lower levels of impressions than longer-term subscribers.
The company is raising its revenue outlook for the full year 2013. Revenue for full-year 2013 is expected to be in the range of approximately $178.0 to $182.0 million. This represents a 54% year-over-year growth rate over 2012 full year revenue of $116.9 million at the midpoint of the outlook range. For full year 2013, the company anticipates total depreciation and amortization expenses to be in the range of $23 million to $24 million, share-based compensation to be the range of $22 million to $24 million and CapEx and capitalized data content to be in the range of $10 million to $13 million. The company now expects approximately $20 million in full year EBITDA.
For the second quarter, revenue is expected to be in the range of $43.5 million to $44.5 million, representing 58% year-over-year growth at the midpoint of the range. The company’s EBITDA for the second quarter is expected to be approximately $750,000 to $1.25 million. During the second quarter, the company anticipates an incremental investment in advertising of $4 million to $5 million, above its previously planned levels of around $5 million and depreciation and amortization expenses are expected to be in the range of $5 million to $5.5 million.
The U.S. District Court Orders Supplemental Briefing on Motion for Appointment of Lead Plaintiff in Securities Fraud Class Action Against Zillow, Inc
Apr 30 13
The U.S. District Court for the Western District of Washington ordered supplemental briefing on a motion for appointment of lead plaintiff in a securities fraud class action brought by shareholders against Zillow, Inc. Stockholders in Zillow Inc. brought a securities fraud class action against the firm and certain of its officers alleging violations of the Securities Exchange Act of 1934 and Securities and Exchange Commission Rule 10b-5. The company provides information about real estate listings online and through mobile device applications. The complaint alleged that between February 15, 2012 and November 6, 2012, the company issued false and misleading statements about its business practices and financial results, which allowed its stock to trade at artificially inflated prices. The plaintiffs alleged that when the defendant's misrepresentations were disclosed to the investing public, the stock price dropped, to the plaintiffs material detriment. Three plaintiffs-James Atkinson, the Oklahoma Firefighters Pension and Retirement System and State-Boston Retirement System filed competing motions for appointment as lead plaintiff. The district court found that Atkinson purchased the large number of total shares, at 105,233 shares, and further noted that the other claimants did not challenge the method used to calculate Atkinson's claims loss amount, in effect conceding that his approximate claims loss was the large loss suffered by any claimant. As a result, under the Private Securities Litigation Reform Act of 1995, Atkinson was entitled to a rebuttable presumption of being the most adequate plaintiff entitled to appointment as lead plaintiff. The court separately held that Atkinson satisfied the adequacy and typicality requirements of Federal Rule of Civil Procedure 23. From a facial review of his filings, the court found that Atkinson's claims were typical of the class because they arose from Zillow's conduct during the class period and were brought under the same legal theory. Atkinson also met the adequacy requirement because his interests presumably aligned with the class, in that he sought to hold Zillow liable for the damages sustained by class members. He also certified his intent to serve as a willing class representative.
Zillow, Inc. to Report Q1, 2013 Results on May 07, 2013
Apr 24 13
Zillow, Inc. announced that they will report Q1, 2013 results at 8:00 PM, GMT Standard Time on May 07, 2013