Zillow Group, Inc. (Z) Bernstein 41st Annual Strategic Decisions Conference (Transcript)

Zillow Group, Inc. (NASDAQ:Z) Bernstein 41st Annual Strategic Decisions Conference May 29, 2025 1:30 PM ET

Company Participants

Jeremy Wacksman - CEO

Conference Call Participants

Nikhil Devnani - Bernstein

Nikhil Devnani

Here we go. Good afternoon, everybody. Thank you so much for joining. My name is Nikhil Devnani, I cover Mid-Cap Internet here at Bernstein and it's my pleasure today to have Jeremy Wacksman, CEO of Zillow Group on stage with us. So thank you Jeremy, and welcome to the SEC.

Jeremy Wacksman

Yeah. Thanks for having me. Good to see everybody.

Nikhil Devnani

Zillow is the leading housing portal in the country and increasingly in recent periods has been building a broader and more holistic ecosystem around the housing transaction, which we're going to get into in depth in this conversation. If you've bought a home in the US or if you ever been curious about how much your neighbor's home is worth, you've probably found yourself on Zillow at various points.

Before we get started, I just wanted to remind everybody, please use the QR code, the pigeonhole QR code if you'd like to submit any questions and please refer to the Zillow investor relations website for any related disclosures on forward-looking commentary.

Jeremy, there's clearly a lot of unknowns on the macro side of things with housing and we'll come back to that. But before we talk about macro, I'd love to talk more about what Zillow is doing and what you obviously have control over on your end. You've been able to grow in a fairly tepid housing market, you put up about 15% revenue growth last year. You're talking about low to mid-teens revenue growth this year, and in part that's due to everything you're doing around this housing super app ecosystem, as you call it. So, for those less familiar with your journey so far, can