Zillow Group, Inc. (NASDAQ:Z) RBC Capital Markets Global Technology, Internet, Media and Telecommunications Conference November 19, 2024 8:45 AM ET
Company Participants
Jeremy Wacksman – Chief Executive Officer
Jeremy Hofmann – Chief Financial Officer
Conference Call Participants
Brad Erickson – RBC
Brad Erickson
Hi everybody, I’m Brad Erickson, I cover Internet here at RBC. I’m very pleased today to have the Jeremys. Sorry, I had to say it.
Jeremy Wacksman
That’s all right.
Brad Erickson
Yeah. Hofmann and Wacksman, CFO and CEO. A newly named CEO – Congratulations, at Zillow.
Jeremy Wacksman
Thanks for having us, we’re excited to be here.
Brad Erickson
Thanks for being here. We’re both from the Northwest, so we figured let’s fly out to New York and have a little conversation in person.
Jeremy Wacksman
It’s a lot nicer weather here than it is in Seattle.
Question-and-Answer Session
Q – Brad Erickson
It is, it is. So cool, we’re a little late, so we’ll get started quick here. Why don’t we start with just a one or two minute on the quarter, how you’re feeling, and then we’re obviously going to get into some of the product stuff that I think everybody’s really interested to hear about.
Jeremy Wacksman
Yeah, happy to. I mean, we’re really pleased with Q3. Revenue was up 70% year-over-year and growth really across the business, growth across residential, rentals, and mortgages. And we talked a bunch about this on the call for those that listened. We’re just pleased that we’re seeing this integrated transaction strategy start to drive results.
You’re seeing that come to more and more of what we call our enhanced markets, where we’re bringing this better consumer experience with the best agents to more of Zillow customers. And that’s, of course, driving some of the outperformance, but that’s also just driving the
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