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Zillow Earnings: Everything You Need To Know

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  • A few days ago, Benchmark's Dan Kurnos said the key with the company long-term is that it monetizes its non-core products: Website's agent finder, home design section, advice content are a few examples.
  • Litigation with News Corp NWSA 0.65% is still an overhang that may be knocking several dollars off share price. Sell-side expects this to get resolved by end of year.
  • End-game, Zillow needs to do more M&A to strengthen its market position, Kurnos added.
  • One concern going forward: Realtor churn still estimated high by independent analysts, and Zillow doesn't disclose it. This is something Citron warned about four years ago.
  • Guidance raise indicates at least partially that the Trulia integration is going smoothly and expected synergies are being realized.

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