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Zillow Group, Inc. (Z) CEO Rich Barton on Q1 2020 Results - Earnings Call Transcript

May 07, 2020 11:25 PM ETZillow Group, Inc. (Z), ZG1 Comment
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Zillow Group, Inc. (NASDAQ:Z) Q1 2020 Earnings Conference Call May 7, 2020 5:00 PM ET

Company Participants

Brad Berning - Vice President, Investor Relations

Rich Barton - Co-Founder and Chief Executive Officer

Allen Parker - Chief Financial Officer

Conference Call Participants

Ron Josey - JMP Securities

John Campbell - Stephens

Maria Ripps - Canaccord

Brian Nowak - Morgan Stanley

Heath Terry - Goldman Sachs

Naved Khan - SunTrust

Edward Yruma - KeyBanc


Good afternoon and welcome to the Zillow Group First Quarter 2020 Conference Call. [Operator Instructions] Please note this event is being recorded. Thank you. I would now like to turn the conference over to Brad Berning, Vice President, Investor Relations. Please go ahead.

Brad Berning

Thank you, Cheryl. Good afternoon and welcome to Zillow Group’s first quarter 2020 conference call. Joining me today to discuss our Q1 results are Zillow Group’s Co-Founder and CEO, Rich Barton and CFO, Allen Parker.

During the call, we will make forward-looking statements about our future performance and operating plans based on current expectations and assumptions. These statements are subject to risks and uncertainties and we encourage you to consider the risk factors described in our SEC filings for additional information. We undertake no obligation to update these statements as a result of new information or future events, except as required by law. This call is being broadcast on the Internet and is accessible in our Investor Relations website. A recording of the call will be available later today.

During the call, we will discuss GAAP and non-GAAP measures, including adjusted EBITDA, which we refer to as EBITDA. We encourage you to read our shareholder letter and our earnings release, which can be found on our Investor Relations website as they contain important information about our GAAP and non-GAAP results, including reconciliations of historical non-GAAP financial measures. In addition, please

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Comments (1)

gametv profile picture
there is a huge amount of BS in here. sales volume is a mere pittance. sure there is traffic, from all those people sitting at home, but those are not buyers. sure the real estate agents are still paying for connections to potential buyers. but as economy opens back up and as buyers dont materialize at the same pace as sellers do, the real estate model gets very dicey.

there is a game of liar's poker going on right now with all these companies. they are not really presenting the facts about the future imbalance of demand and supply.
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