Quick recap of Zillow’s Q4 earnings report/call $ZG $Z

The Premier Agent business is prob as strong as it has ever been.

Normalized for some accounting nuances, QoQ growth was 20% in Q3 and 27% in Q4.

YoY growth was 13% in 2020 despite a 17% decline in Q2 related to the pandemic.
Reading the tea leaves, it sure sounds like Flex is one of the main drivers of PA revenue acceleration. This is something we talked about in Q3, 2019 when the stock had sold off by 20%+ and was trading in the low 30s https://t.co/yfNk89Uwuj
Not gonna claim iBuying is inevitable nor a “good” biz but even skeptics must admit the segment looks more viable today.

And we can all agree iBuying is clearly the superior customer experience compared to the tradition home selling process.
Maybe the most interesting comment made on the call?

The Zestimate will be a live initial offer in some iBuying markets this year 👀
Zillow’s challenge is now to convert its unrivaled top of funnel traffic into transactions.

“...our customers arrive at Zillow simply trying to move. It is our job to deliver for them in any way that we can, be it through our own services or w/ our best-in-class partners.”
👆That means multiple paths to success as long as Zillow remains the first place consumers go when looking to buy or sell a house.
This remains my (overly simplified) thesis:
Don’t ask me about valuation, I thought it was rich at a $30B EV 😂

/fin

More from Finance

Last week Hizbollah's finance institution Al Qard el Hasan was hacked by Spiderz. A group of people took that Data and tried to make sense out of it. Below are the findings

https://t.co/eGLqvb28o5


Loans are provided to borrowers for gold deposits or other guarantees, to the association's members and to unsecured applicants.

AQAH had a carried forward loan balance of $450 million as of December 31, 2019. This balance has been increasing at a yearly rate of 13.4%.


AQAH laundered around $475 million in 2019 in the form of disbursed loans paid to more than 20,000 borrower accounts; mostly to borrowers with gold deposits.

Deposits accounts have been offered to 307,000 members of the association, 83,000 contributors as well as to 600 companies. AQAH closed 2019 with an overall depositors accounts balance of around $500 million.

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