Zillow Group, Inc. (NASDAQ:Z) Q1 2022 Earnings Conference Call May 5, 2022 6:00 AM ET

Company Participants

Brad Berning - Vice President-Investor Relations

Rich Barton - Co-Founder & Chief Executive Officer

Allen Parker - Chief Financial Officer

Conference Call Participants

John Colantuoni - Jefferies

Ygal Arounian - Wedbush

Tom Champion - Piper Sandler

Naved Khan - Truist

John Campbell - Stephens

Operator

Good afternoon. My name is Sam, and I will be your conference operator today. At this time, I'd like to welcome everyone to the Zillow Group First Quarter 2022 Conference Call. All lines have been placed on mute to prevent any background noise. After the speakers' remarks, there will be a question-and-answer session. [Operator Instructions] Please note, this event is being recorded.

I would now like to turn the conference over to Brad Berning, Vice President, Investor Relations. Brad, please go ahead.

Brad Berning

Thank you. Good afternoon, and welcome to Zillow Group's first quarter 2022 conference call. Joining me today to discuss our results are Zillow Group's Co-Founder and CEO, Rich Barton; and CFO, Allen Parker. During today's call, we'll make forward-looking statements about the housing market and 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 shareholder letter and our earnings release, which can be found on our Investor Relations website as they contain important information about our GAAP and non-GAAP results, including reconciliations of historical non-GAAP financial measures. In addition, please note, we will refer to our Internet, Media & Technology segment as our IMT segment. We'll now open the call with remarks followed by live Q&A.

And with that, I will turn the call over to Rich.

Rich Barton

Thank you, Brad, and hello to everyone joining today. There is a lot going on out there financially, politically, emotionally. In these volatile times, we are especially proud of our company and brand, one that helps people find their home, a place of comfort and safety.