Zillow Group, Inc. (Z) Q1 2026 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:06.316 Hello and welcome to Zillow Group's first quarter of 2026. 00:00:06.760 -- 00:00:11.866 We ask that you please hold all questions until completion of the formal remarks, at 00:00:11.866 -- 00:00:16.932 which time you will be given instructions for the question and answer session. 00:00:16.932 -- 00:00:21.658 Also, as a reminder, this conference call is being recorded today. 00:00:21.658 -- 00:00:25.343 If you have any objections, please disconnect at this time. 00:00:25.343 -- 00:00:27.867 At this time, you may begin. 00:00:27.867 -- 00:00:32.794 Thank you. Good afternoon, and welcome to Zillow Group's quarterly earnings call. 00:00:32.794 -- 00:00:37.621 Joining me today to discuss our results are Zillow 00:00:37.621 -- 00:00:39.624 Group's CFO, Jeremy Waxman. 00:00:39.624 -- 00:00:44.391 During today's call, we will make forward-looking statements about our future performance 00:00:44.391 -- 00:00:47.416 and operating plans based on expectations. 00:00:47.416 -- 00:00:52.644 These statements are subject to risk, and these statements are subject to 00:00:52.644 -- 00:00:56.068 risk, and we encourage you to consider them. 00:00:56.068 -- 00:01:00.014 As described in our SEC filing, we undertake no obligation 00:01:00.014 -- 00:01:05.121 to update these statements, or future events, or future events, or future 00:01:05.121 -- 00:01:11.668 events, please review the cautionary states and additional information 00:01:11.751 -- 00:01:15.778 which can be found on our website. This call is being broadcast on the Internet and is 00:01:15.778 -- 00:01:18.803 available on our investor relations website. 00:01:18.803 -- 00:01:21.548 Recording the call will be available later today. 00:01:21.548 -- 00:01:26.617 During the call, we will discuss...