Zillow Group, Inc. (NASDAQ:Z) Q4 2024 Earnings Conference Call February 11, 2025 5:00 PM ET

Company Participants

Bradley Berning – Investor Relations
Jeremy Wacksman – Chief Executive Officer
Jeremy Hofmann – Chief Financial Officer

Conference Call Participants

Ronald Josey – Citigroup
Ryan McKeveny – Zelman & Associates
Bradley Erickson – RBC Capital Markets
Mark Mahaney – Evercore ISI
Nicholas Jones – Citizens JMP
John Colantuoni – Jefferies
Thomas Champion – Piper Sandler
Jay McCanless – Wedbush Securities

Operator

Hello and welcome to Zillow Group’s Fourth Quarter 2024 Financial Results Call. We ask that you please hold all questions until the completion of the formal remarks, at which time you will be given instructions for the question-and-answer session. Also, as a reminder, this conference is being recorded today. If you have any objections, please disconnect at this time.

Brad, you may begin.

Bradley Berning

Thank you. Good afternoon and welcome to Zillow Group’s Fourth Quarter and Full Year 2024 Call. Joining me today to discuss our results are Zillow Group’s CEO, Jeremy Wacksman; and CFO, Jeremy Hofmann.

During today’s 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 on 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 updated investor presentation, shareholder letter and