Zillow Group Inc Class C

Zillow has settled claims by the U.S. Federal Trade Commission and five states that it illegally paid Redfin $100 million to stop competing in apartment rental listings. The settlement ends the agreement for Redfin to stop competing, and Redfin agreed to rebuild its rental advertising business within six months. The FTC and states had argued the partnership drove up costs for landlords and decreased listing quality for renters, with an expert estimating Zillow customers paid an average of 14.5% more per listing after Redfin stopped competing. Zillow denied the arrangement was anticompetitive, saying it made more listings available on more sites, while a Redfin spokesperson said the settlement allows the company to maintain its partnership with Zillow through at least 2030 while building its own standalone rentals business.

Zillow Group shares fell nearly 13% in a single day in early August after the company reported second-quarter earnings and Alphabet's Google announced it will display real estate listings in all 50 states. Revenue rose 18% year over year, with mortgage revenue up 75% and rentals revenue up 31%, but traffic to Zillow's mobile apps and sites declined 2% and average monthly unique users fell 2% to 239 million. Management highlighted that consumers using AI mode spend more than three times as long on Zillow and contact an agent at nearly three times the rate of non-AI users, and the company recently laid off more than 500 people. The stock is down about 60% over the past year.

A ransomware group attempted to attack dozens of major US financial and business firms by creating at least 72 fake websites to steal passwords and authentication data from employees at targeted companies such as Blackstone, Apollo Global Management, KKR, Bain Capital, Bridgewater Associates, TPG, CME Group, and Moody’s. The hackers called employees’ personal mobile phones, posing as IT support, and tricked them into updating passkeys or multi-factor authentication, then directed them to fake websites with credible-sounding names like “passkeyhelpdesk” or “secure-passkey.” Google said that over five weeks, the cybercriminal group set up digital traps for more than 200 companies, including non-financial firms like Uber, Zillow, Levi Strauss, and law firms Paul Hastings and Greenberg Traurig. In some cases, companies paid ransoms, but it has not been confirmed whether the attempted attacks on the named firms were successful.

Several stocks made significant premarket moves following earnings reports and guidance updates. Peloton Interactive sank nearly 14% after reporting a year-over-year decline in active paying subscribers of 8.8%, despite revenue topping expectations. Moderna rose 4% after the FDA approved its mRNA flu vaccine, mFlusiva, for adults 50 and older. Versant Media jumped 5% after raising its full-year outlook and beating top and bottom lines, now expecting 2026 revenue of $6.2 billion to $6.45 billion and adjusted EBITDA of $1.9 billion to $2.05 billion. Warby Parker shed 7% after second-quarter revenue of $235.5 million missed the LSEG consensus estimate of $238 million, though EBITDA topped expectations and full-year guidance was reaffirmed. IonQ rose 3.9% on better-than-expected second-quarter revenue and full-year revenue guidance of $280 million to $290 million, exceeding the FactSet consensus of $268.6 million. Sandisk slid 10% as first-quarter revenue guidance of $10.3 billion to $10.8 billion appeared to disappoint traders, with the LSEG consensus at $10.47 billion, despite fourth-quarter beats. Figma shed 14% after full-year adjusted operating income guidance of $125 million to $135 million came in soft versus the FactSet consensus of $133.2 million. DoorDash added 4% after quarterly revenue of $4.45 billion beat the LSEG consensus of $4.34 billion. Zillow slid more than 11% after expanding CFO Jeremy Hofmann's role to include COO, while also reporting adjusted EPS of 52 cents beating estimates of 45 cents and revenue of $772 million beating estimates of $758 million, a day after announcing about 500 layoffs. Western Digital slumped more than 15% as current-quarter projections underwhelmed, calling for adjusted earnings of $4 a share on revenue of $4.1 billion, versus consensus of $3.81 a share on $4.04 billion. Salesforce fell almost 5% after naming Miguel Milano as operating chief. Duolingo tumbled 7% after current-quarter revenue guidance of $302 million missed the FactSet consensus of $303.9 million. Bumble fell 5% after posting a second-quarter loss of 84 cents per share versus an expected profit of 25 cents, and issuing third-quarter adjusted EBITDA guidance of $56 million to $60 million below the $68.7 million consensus. AppLovin tanked nearly 20% after third-quarter adjusted EBITDA guidance of $1.71 billion to $1.74 billion missed the StreetAccount consensus of $1.75 billion.

Kahn Swick & Foti, LLC reminds investors that they have until August 10, 2026 to file lead plaintiff applications in a securities class action lawsuit against Zillow Group, Inc. The lawsuit alleges that Zillow and certain executives failed to disclose material information during the Class Period from February 11, 2025 to May 7, 2026, including that its agreement with Redfin was effectively an acquisition rather than a partnership, which materially heightened regulatory and antitrust risks. When the true details emerged, investors allegedly suffered damages. The case is pending in the United States District Court for the Western District of Washington under the caption Breidert v. Zillow Group, Inc., et al., 26-cv-02016.

Rosen Law Firm reminds purchasers of Zillow Group Class A or Class C common stock between February 11, 2025 and May 7, 2026 of the August 10, 2026 lead plaintiff deadline in a securities class action first filed by the firm. The lawsuit alleges that Zillow made materially false and misleading statements regarding its agreement with Redfin Corporation, which was actually an acquisition rather than a partnership, exposing the company to heightened antitrust risk and regulatory scrutiny. Investors who purchased Zillow stock during the class period may be entitled to compensation through a contingency fee arrangement. To join the class action or seek lead plaintiff status, investors must contact the firm before the deadline.

Bragar Eagel & Squire, P.C. reminds investors that a class action lawsuit has been filed against Zillow Group, Inc. and that the lead plaintiff deadline is August 10, 2026. The lawsuit, filed in the United States District Court for the Western District of Washington, covers purchasers of Zillow Class A or Class C common stock between February 11, 2025 and May 7, 2026. The complaint alleges that defendants made false and misleading statements regarding Zillow's agreement with Redfin Corporation, which was actually an acquisition rather than a partnership, thereby exposing Zillow to heightened antitrust regulatory risk and downplaying legal exposure. Investors who suffered losses are encouraged to contact the firm's partners, Brandon Walker or Melissa Fortunato, at (212) 355-4648 to discuss their legal rights.

Bronstein, Gewirtz & Grossman, LLC has filed a class action lawsuit against Zillow Group, Inc. and certain officers, alleging violations of federal securities laws. The suit covers investors who purchased or acquired Zillow securities between February 11, 2025 and May 7, 2026. The complaint claims that Zillow misrepresented its agreement with Redfin Corporation as a partnership rather than an acquisition, which heightened antitrust regulatory risk, and that the company downplayed its legal exposure after an antitrust lawsuit was filed. Investors have until August 10, 2026 to seek lead plaintiff appointment. The law firm is handling the case on a contingency fee basis.

US housing affordability is deteriorating again as mortgage rates climbed to their highest level in about 11 months and home prices reached a new record. The average rate on a 30-year fixed mortgage rose to 6.58% from 6.55% a week earlier, according to Freddie Mac, while the median US home-sale price increased 2.2% year over year in June to a record $408,776, based on Redfin data cited by The Kobeissi Letter. Freddie Mac Chief Economist Sam Khater noted that shopping around for a mortgage rate can save borrowers thousands over the loan's lifetime. Existing-home sales rose 4.2% year over year to a seasonally adjusted annual rate of roughly 4.4 million, the highest since November 2022, but new listings declined 0.8% month over month to 376,762, their lowest level since December. San Francisco led major metros with a 9.2% annual price increase, followed by Pittsburgh at 9.1% and West Palm Beach at 8.6%, while elevated borrowing costs and a 4.7 million-home supply shortage continue to squeeze affordability.

Bronstein, Gewirtz & Grossman LLC has filed a class action lawsuit against Zillow Group and certain officers, alleging violations of federal securities laws. The suit covers investors who purchased or acquired Zillow securities between February 11, 2025 and May 7, 2026. The complaint claims that defendants misrepresented the nature of Zillow's agreement with Redfin Corporation, which was actually an acquisition rather than a partnership, and failed to disclose heightened antitrust risk and legal exposure. Investors have until August 10, 2026 to seek lead plaintiff appointment. The law firm is handling the case on a contingency fee basis.

Rosen Law Firm reminds purchasers of Zillow Group Class A or Class C common stock between February 11, 2025 and May 7, 2026 of the August 10, 2026 lead plaintiff deadline in a securities class action first filed by the firm. The lawsuit alleges that defendants made materially false and misleading statements and failed to disclose that Zillow’s agreement with Redfin Corporation was an acquisition rather than a partnership, exposing Zillow to heightened antitrust risk and regulatory scrutiny, and that Zillow downplayed its legal exposure after an antitrust lawsuit was filed. Investors who purchased Zillow stock during the class period may be entitled to compensation through a contingency fee arrangement without out-of-pocket costs. To serve as lead plaintiff, a motion must be filed with the court no later than August 10, 2026.

A class action lawsuit has been filed against Zillow Group and certain senior executives for securities fraud related to an allegedly anticompetitive agreement with Redfin. The suit, brought by Bleichmar Fonti & Auld LLP, claims Zillow misrepresented a $100 million payment to Redfin as a partnership when it was actually meant to eliminate competition. The FTC filed its own antitrust complaint on September 30, 2025, causing Zillow's Class C and Class A shares to drop 4.33% and 4.5%, respectively. Further declines followed on February 10, 2026, after the CFO warned of higher legal expenses, with Class C shares falling 16.54% and Class A shares falling 17.13%. Investors have until August 10, 2026 to seek lead plaintiff appointment in the case pending in the U.S. District Court for the Western District of Washington.

Grabar Law Office is investigating claims on behalf of long-term shareholders of Commvault Systems, GPGI formerly known as CompoSecure, Hub Group, and Zillow Group. The investigations concern whether certain officers and directors of each company breached their fiduciary duties. For Commvault, the probe follows a securities fraud class action alleging misleading statements about projected ARR growth for fiscal year 2026. For GPGI, a class action alleges the company overstated the value of Husky and misrepresented the motivation for the Husky Acquisition. For Hub Group, a class action alleges financial statements from Q1 2023 to Q3 2025 contained material misstatements. For Zillow, a class action alleges the company mischaracterized its agreement with Redfin Corporation and downplayed antitrust risks. Shareholders who purchased shares before specified dates and still hold them may seek corporate reforms and return of funds at no cost.

Kahn Swick & Foti, LLC reminds investors that a securities class action lawsuit has been filed against Zillow Group, Inc. over alleged false and misleading statements related to its agreement with Redfin and associated antitrust risks. The lawsuit, pending in the United States District Court for the Western District of Washington, covers purchasers of Zillow Class A or Class C common stock between February 11, 2025 and May 7, 2026. The complaint alleges that Zillow and certain executives failed to disclose that the Redfin agreement was effectively an acquisition, not a partnership, and that it materially heightened regulatory scrutiny and antitrust liability. Investors have until August 10, 2026 to file lead plaintiff applications.

The Law Offices of Howard G. Smith reminds investors that class action lawsuits have been filed on behalf of shareholders of BitGo Holdings, Via Transportation, Zillow Group, and ADMA Biologics, with lead plaintiff deadlines approaching in August 2026. For BitGo Holdings, the complaint alleges that defendants understated the risk of declining digital asset prices on the company's business and financial performance, with a lead plaintiff deadline of August 7, 2026. Via Transportation faces allegations that its annual recurring revenue per customer was declining and regulatory issues in Germany would hinder its expansion strategy, with a deadline of August 10, 2026. The Zillow Group suit claims the company mischaracterized its acquisition of Redfin as a partnership, exposing it to heightened antitrust scrutiny, also with an August 10 deadline. ADMA Biologics is accused of engaging in an undisclosed related party transaction and channel stuffing to inflate revenue, with the same August 10 deadline.

A securities fraud class action has been filed against Zillow Group and certain senior executives over alleged misrepresentations about an agreement with Redfin Corporation. The lawsuit, pending in the U.S. District Court for the Western District of Washington, claims Zillow characterized the deal as a partnership providing exclusive access to Redfin's advertising platform, while in reality it paid Redfin $100 million to stop competing and exit the multifamily rental advertising business. The complaint follows a Federal Trade Commission lawsuit alleging an unlawful agreement to suppress competition, and points to stock drops including a 16.54% decline in Class C shares and a 17.13% decline in Class A shares on February 11, 2026, after Zillow's CFO disclosed increased legal expenses. Investors have until August 10, 2026 to seek lead plaintiff appointment.

Bragar Eagel & Squire, P.C. reminds investors who purchased Zillow Group Class A or Class C common stock between February 11, 2025 and May 7, 2026 that the deadline to seek lead plaintiff appointment in a pending securities class action is August 10, 2026. The lawsuit, filed in the U.S. District Court for the Western District of Washington, alleges that Zillow and certain defendants made false or misleading statements and failed to disclose that its agreement with Redfin Corporation was an acquisition rather than a partnership, exposing the company to heightened antitrust risk and regulatory scrutiny. Investors who suffered losses are encouraged to contact the firm’s partners Brandon Walker or Melissa Fortunato at (212) 355-4648 or investigations@bespc.com to discuss their legal rights.

The Law Offices of Frank R. Cruz reminds investors that class action lawsuits have been filed on behalf of shareholders of Via Transportation, Zillow Group, ADMA Biologics, and Erasca, with a lead plaintiff deadline of August 10, 2026. The Via Transportation suit covers a class period from September 9, 2025 to June 9, 2026 and alleges the company failed to disclose declining ARR per customer and regulatory issues hindering its German expansion. The Zillow Group suit, covering February 11, 2025 to May 7, 2026, claims the company mischaracterized its Redfin deal as a partnership rather than an acquisition, exposing it to heightened antitrust risk. ADMA Biologics is accused of undisclosed related party transactions, channel stuffing, and inadequate internal controls during the period from August 9, 2024 to March 25, 2026. The Erasca suit, covering January 14, 2025 to April 26, 2026, alleges that preclinical data for ERAS-0015 relied on improper comparisons and risked patent and trade secret violations.

The Law Offices of Howard G. Smith reminds investors of upcoming lead plaintiff deadlines in securities fraud class actions against BitGo Holdings, Via Transportation, Zillow Group, and ADMA Biologics. For BitGo, the deadline is August 7, 2026, with allegations that the company understated risks from declining digital asset prices. Via Transportation faces an August 10 deadline over claims it misrepresented declining average revenue per customer and regulatory issues in Germany. Zillow Group's August 10 deadline involves allegations that its Redfin agreement was an undisclosed acquisition, heightening antitrust risk. ADMA Biologics also has an August 10 deadline, with claims of an undisclosed related party transaction and channel stuffing to inflate revenue.

A securities fraud class action has been filed against Zillow Group and certain senior executives over an allegedly anticompetitive agreement with Redfin Corporation. The lawsuit, pending in the U.S. District Court for the Western District of Washington, claims Zillow mischaracterized the deal as a partnership while it actually paid Redfin $100 million to exit the multifamily rental advertising market. The complaint follows a Federal Trade Commission lawsuit alleging the agreement unlawfully suppressed competition, and points to three stock drops: a 4.33% decline for Class C shares and 4.5% for Class A shares on September 30, 2025, after the FTC filed its complaint; a 16.54% drop for Class C and 17.13% for Class A on February 10, 2026, when Zillow's CFO disclosed increased legal expenses would create a 200-basis-point headwind to EBITDA margins; and a 1.9% decline for Class C and 1.76% for Class A on May 7, 2026, after Reuters reported a federal judge rejected the companies' bid to dismiss the FTC case. Investors have until August 10, 2026, to seek lead plaintiff appointment.

Zillow Group shares have fallen about 71% over the past five years, yet the stock still screens as expensive rather than a bargain. The company trades at roughly 125.4 times earnings, far above the Real Estate industry average of 24.6 times and a peer average of 28.7 times. A fair P/E ratio implied by the model is 40.1 times, and the large gap to the current multiple suggests Zillow Group is overvalued on this metric, with the model penalizing the company's risk profile and earnings quality. Ongoing securities fraud and antitrust litigation may weigh on investor sentiment, while product moves such as a new personalized home buying hub support growth expectations. Overall, Zillow Group passes only 2 of 6 valuation checks, pointing to a rich price that leaves little room for disappointment.

Multiple class action lawsuits have been filed against Zillow Group alleging securities fraud and anticompetitive agreements affecting online rental housing advertising. Zillow is also involved in antitrust litigation with Midwest Real Estate Data and Compass over alleged exclusion from the Chicago real estate market. The legal scrutiny comes as Zillow's stock price stands at $33.42, with a decline of 71.3% over the past five years and a year-to-date drop of 49.1%. The outcomes of these cases could influence Zillow's business relationships, data access, and competitive position in key markets.

Compass CEO Robert Reffkin and Midwest Real Estate Data CEO Rebecca Jensen delivered heated testimony in Chicago federal court on Thursday, slamming Zillow's antitrust claims over private real estate listings. Jensen said she was 'disgusted' by Zillow's justification for blocking previously private listings from its platform, and testified that MRED acted unilaterally to cut Zillow's data feed after a year of warnings that its listing bans violated MLS rules built from a 2008 Department of Justice settlement. Reffkin accused Zillow of using historical Black discrimination to protect its power and profits, while defending Compass's private exclusives as a phased marketing strategy that leads to higher sale prices and faster contracts. Zillow's expert economist Lawrence Wu argued that the MRED-Compass agreement was a scheme to block Zillow's listing access standards nationwide, harming competition and consumers. Judge John J. Tharp Jr. is expected to rule on MRED's motion to move the case to arbitration in the coming weeks, which could determine whether a preliminary injunction is granted.

Glancy Prongay Wolke & Rotter LLP reminds Zillow Group investors of the August 10, 2026 deadline to file a lead plaintiff motion in a class action lawsuit. The suit covers purchasers of Zillow Class A or Class C common stock between February 11, 2025 and May 7, 2026. The complaint alleges Zillow made misleading statements and failed to disclose that its agreement with Redfin was an acquisition rather than a partnership, heightening antitrust risk. Zillow's stock fell 4.63% on October 1, 2025 after the FTC sued over an alleged unlawful agreement, dropped 16.5% on February 11, 2026 after higher legal expenses were disclosed, and declined further in May 2026 when a federal judge rejected a bid to dismiss the FTC lawsuit.

The Law Offices of Frank R. Cruz reminds investors that class action lawsuits have been filed on behalf of shareholders of Via Transportation, Zillow Group, and ADMA Biologics, with a lead plaintiff deadline of August 10, 2026. The Via Transportation class action covers a class period from September 9, 2025 to June 9, 2026, alleging that the company failed to disclose declining ARR per customer and regulatory issues hindering its German expansion. The Zillow Group class action covers a class period from February 11, 2025 to May 7, 2026, alleging that the company mischaracterized its acquisition of Redfin as a partnership, leading to heightened antitrust risk. The ADMA Biologics class action covers a class period from August 9, 2024 to March 25, 2026, alleging undisclosed related party transactions, channel stuffing, and inadequate internal controls.

Zillow is facing a class-action lawsuit from investor Matt Breidert, who alleges the company misled shareholders about its February 2025 deal with Redfin. The complaint, filed June 9 in the U.S. District Court for the Western District of Washington, claims Zillow portrayed the arrangement as a partnership when it was actually an anticompetitive acquisition that exposed the company to heightened regulatory risk. Breidert says he purchased Zillow stock at artificially inflated prices and seeks damages on behalf of investors who bought class A or class C common stock between February 11, 2025, and May 7, 2026. The suit follows actions by the Federal Trade Commission and five state attorneys general, who alleged the $100 million deal eliminated Redfin as a competitor in the multifamily rental advertising market. A Zillow spokesperson said the partnership is pro-competitive and the company will vigorously defend against the allegations.

Bronstein, Gewirtz & Grossman LLC has filed a class action lawsuit against Zillow Group and certain officers, alleging violations of federal securities laws. The suit covers investors who purchased or acquired Zillow securities between February 11, 2025 and May 7, 2026. The complaint claims that Zillow misrepresented its agreement with Redfin Corporation as a partnership rather than an acquisition, which heightened antitrust risk and legal exposure. Investors have until August 10, 2026 to seek lead plaintiff appointment. The law firm is handling the case on a contingency fee basis.

Glancy Prongay Wolke & Rotter LLP reminds Zillow Group investors of the August 10, 2026 deadline to file a lead plaintiff motion in a class action lawsuit on behalf of purchasers of Zillow Class A or Class C common stock between February 11, 2025 and May 7, 2026. The lawsuit alleges that Zillow made materially false and misleading statements and failed to disclose that its agreement with Redfin was an acquisition rather than a partnership, heightening regulatory scrutiny and antitrust liability. The complaint cites stock price declines following the FTC's September 2025 lawsuit announcement, a February 2026 earnings call revealing higher-than-expected legal expenses, and a May 2026 Reuters report that a federal judge rejected Zillow and Redfin's bid to dismiss the FTC case. Investors who suffered losses may contact the firm to learn more about pursuing claims under federal securities laws.

Bronstein, Gewirtz & Grossman LLC has filed a class action lawsuit against Zillow Group and certain officers, alleging violations of federal securities laws. The suit covers investors who purchased or acquired Zillow securities between February 11, 2025 and May 7, 2026. The complaint claims defendants made false or misleading statements and failed to disclose that Zillow's agreement with Redfin Corporation was an acquisition rather than a partnership, exposing the company to heightened antitrust risk, and that Zillow downplayed its legal exposure after an antitrust lawsuit was filed. Investors have until August 10, 2026 to seek lead plaintiff appointment. The law firm represents investors on a contingency fee basis.