Zillow Group, Inc. · NASDAQ:Z
Zillow — Q1 2018 Earnings Presentation
9 slides from Zillow's earnings presentation, Apr 12, 2018
Slide 1: April 12, 2018 Investor Update Call
April 12, 2018 Investor Update Call Exhibit 99.2
Slide 2: Select preliminary financial information and forward-looking statements
Select preliminary financial information and forward-looking statements This presentation contains select preliminary Q1 2018 financial information. This information is subject to change pending completion of our financial closing and review procedures, and the preliminary financial information pres
Slide 3: Zillow Group announced today
Zillow Group (ZG) announced today: Expansion of the Instant Offers program to Phoenix, in addition to Las Vegas and Orlando ZG will participate in the Instant Offers marketplace as a buyer in Phoenix and Las Vegas ZG will partner with Premier Agents and Brokers to buy and sell homes A new financial
Slide 4: Two segments = Larger TAM
Two segments = Larger TAM Internet, Media & Tech (IMT) segment Homes segment Premier Agent Suite of marketing and business technology solutions to help real estate agents, teams and brokerages grow their businesses and brands. Rentals Advertising and suite of tools sold to property managers and othe
Slide 5: Homes segment financial model
Homes segment financial model Revenue – Sales price of homes Cost of revenue: Purchase price of homes Costs to purchase homes (commissions, escrow, title, etc.) Home improvement costs (including direct labor) Gross Margin Other operating expenses: Holding costs (insurance, taxes, HOA fees, etc.) Cos
Slide 6: Selected results and updated full year 2018 consolidated outlook
Selected preliminary Q1 2018 results and updated full year 2018 consolidated outlook1 Total Preliminary Revenue $299 - $301 million Preliminary Net Loss $(20) – $(18) million Preliminary Adjusted EBITDA3 $45 - $47 million Selected Preliminary Q1 2018 Results2 Total Forecasted Revenue $1.43 - $1.58 b
Slide 7: Questions
Questions Questions may be submitted via Slido. We encourage you to visit www.slido.com where you can submit questions by entering the event code #ZHomes. Participants may vote on which submitted questions are prioritized to be answered on the call.
Slide 8: Appendix – Use of non-GAAP financial measure
Appendix – Use of non-GAAP financial measure To provide investors with additional information regarding our financial results, this presentation includes references to Adjusted EBITDA (including forecasted Adjusted EBITDA), which is a non-GAAP financial measure. We have provided a reconciliation of
Slide 9: Appendix – Reconciliation of Preliminary Q1 2018 Adjusted EBITDA
Appendix – Reconciliation of Preliminary Q1 2018 Adjusted EBITDA Three Months Ended Mach 31, 2018 Preliminary Net loss $(19,000) Preliminary Other income (2,400) Preliminary Depreciation and amortization expense 26,800 Preliminary Share-based compensation expense 30,600 Preliminary Interest expense