Zillow talk

[The beef 675] [I'm an image] "Checking the value of your friend’s houses on Zillow is the modern day d*ck measuring contest." - Jeff Hey there carnivores, Markets were up on Wednesday, with the S&P and Nasdaq hitting all-time highs. Today we’re talking Zillow throwing a house party after its Q4 earnings. Keep raging, Jeff & Jason [Image] [I'm an image] House party Grab some Claws and head to the conference room, because Zillow is throwing a party after it [crushed earnings in Q4](. The online real estate platform grew revenue in its core business (selling your personal information to real estate agents) and saw higher than expected growth in its new home-flipping business. Under construction Zillow Offers was a big surprise this quarter as the segment topped $603M in revenue, crushing estimates of $463M to $590M. It bought 1.7k houses and sold 1.9k in the quarter, after [buying 499 and selling 141]( during the previous quarter. How do you like them apples, Tarek and Christina? Within two to four years, the house hawker is looking to buy upwards of 5k per month. Home sales weren’t the only boon for Zillow. Premier Agent, which markets and sells leads to real estate agents, boosted the top line as well. The segment [brought in $233M](, up 6% from the prior year. Between the two segments, Zillow pulled in $943.9M for the quarter, up from $343M last quarter. The flipper posted an adjusted (not community adjusted) EBITDA loss of $3.2M, beating expectations. Shares rose 15% in after-hours trading. The bottom line... Surely Zillow’s management is excited to prove wrong all the haters who doubted its ability to transition into the home-flipping biz. Of course, Big Z isn't there quite yet ... The company is still losing money on each transaction which stands in stark contrast to Zillow's wildly profitable ad biz. Oh, and did we mention the financial risk associated with potentially purchasing 5k houses per month? Don't be surprised if some investors start saying "I didn't sign up for this sh*t." [I'm an image] Final Chance: The Trade with Kyle Main Event Is Tonight at 8 PM ET. Making Your First Million In the Stock Market Is the Always Hardest. Join RagingBull’s Most Profitable Trader—Kyle Dennis Tonight at 8 PM ET—LIVE [Image]( For the First Time Ever Kyle Reveal’s His Step-By-Step Process That Took Him From $15,000 to $7,000,000 By the Age Of 28. [GAIN ACCESS]( [I'm an image] ☑️ Stay in school. Udemy is learning that it pays to stay in school. The online marketplace, which offers more than 150k courses, [earned itself]( a $50M investment from Benesse Holdings. Benesse,a Japanese education publisher, (think Scholastic without the book fairs but also more anime) made the investment at a $2B valuation. Udemy last raised $60M back in 2016, when it was valued at $710M. Not a bad jump for a bunch of nerds. In its current round, the teacher’s pets have raised more than $200M, and plan to use the cash to further expand its course offerings, among other things. If you’re looking to learn how to juggle, this might be your chance. ☑️Skunked. Boston Beer released its earnings report on Wednesday, and let’s just say Wall Street is going to need something stronger tonight. Shares for the beermakers [fell 8.2% after hours](, following the company’s reported Q4 net income coming in at $13.8M, compared to $21.8M in the same quarter last year. That drop is likely due to heavy investments in innovation and Truly’s. Isn’t that what startups use as a recruiting pitch? Revenue clocked in at $320.2M, up from last year’s $239.2M, but the Truly-maker said it expects adjusted earnings of $10.70 and $11.70 per share, missing the analyst predicted $11.77 estimate. Damn kids and their White Claws. ☑️Hamer(s) time. UBS tapped a new CEO, as ING’s Ralph Hamers is expected to [take the helm](. Hamers is stepping into the shoes of Sergio Ermotti, who is one of the longest-tenured bank CEOs in Europe. Although, being the CEO of a Swiss bank probably provides plenty of reason to stick around, if you catch my drift. Hamers has been with ING for more almost 30 years, heading the firm’s Dutch and Belgian banking divisions before making the leap to CEO. While in charge, Hamers did what literally every other bank CEO says they’ve been trying to do, leading a digital push for the firm. ☑️Staying home sick. Adidas is feeling the effects of coronavirus, and not just because it was late to jump on selling three-stripe surgical masks. The German cobblers reported an [85% drop]( in business activity in Asia since January 25th, compared to the prior year. The firm closed a “significant” number of its stores over in China, part of a market to which it attributes more than one-third of sales. Despite the news, shares were still up 1.5% on Wednesday morning. You can still wear Stan Smith’s in mandatory quarantine, apparently. Competitor and German compatriot, Puma, also said its sales had been affected, but its shares climbed 8%. Can we be 100% sure a decline in business activity is a bad thing? RagingBull, LLC 62 Calef Hwy. #233, Lee, NH 03861 Neither Raging Bull nor RagingBull.com, LLC (publisher of Raging Bull) is registered as an investment adviser nor a broker/dealer with either the U. S. Securities & Exchange Commission or any state securities regulatory authority. Users of this website are advised that all information presented on this website is solely for informational purposes, is not intended to be used as a personalized investment recommendation, and is not attuned to any specific portfolio or to any user's particular investment needs or objectives. Past performance is NOT indicative of future results. 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