Investor Presentaiton

Zillow Group investment highlights 1 Significant brand & data advantage 2 Large, engaged audience, lower customer acquisition costs 3 Strong IMT business with expanding margins driving expansion into Zillow 2.0 4 Homes & adjacent businesses rapidly scaling to capture massive TAM opportunities 5 Best in class tech & real estate operators creating the seamless transaction 6 Experienced team with long history of shareholder value creation 7 Strong balance sheet and predictive capabilities enable managing across the business cycle 8 Well positioned to lead faster into the future to real estate 2.0 ZILLOW GROUP 22 22

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