Zillow’s new i-Buying business, Zillow Offers, brought in higher than expected revenue of $249 million in their 3rd quarter. Nevertheless, in after-market trading, Zillow’s stock was down 14%. A change in guidance, which lowered the company’s previous earnings outlook, appears to have unnerved some investors.
Posted by Jeff Mindham
Prior to becoming a full-time writer in 2015, I was the Senior President of National Marketing for Prudential Real Estate (63,000 agents & 700 franchisees), and the Chief Marketing Officer at several real estate tech startups. Those included ForSaleByOwner.com, the nation’s largest online FSBO, Foxtons and USRealty.com, among others. I began my career on Madison Ave. working at some of New York’s largest ad agencies.
I have a master’s degree from the University of San Francisco and a BA degree in Communications.
