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Redfin ( (RDFN) ) just unveiled an update.
On February 6, 2025, Redfin Corporation announced a new partnership and content license agreement with Zillow, Inc. This agreement allows Zillow to become the exclusive provider of rental listings on Redfin’s websites. As part of the deal, Zillow will make a $100 million upfront payment, and Redfin will restructure its rentals segment, which includes job eliminations affecting approximately 450 employees. This restructuring is expected to incur charges between $18 million and $21 million, with completion anticipated by the end of September 2025. The partnership is positioned to enhance Redfin’s rental listings offerings by leveraging Zillow’s extensive database, potentially improving Redfin’s market positioning in the online real estate space.
More about Redfin
Redfin Corporation operates in the real estate industry, providing services related to home buying and selling. The company focuses on offering real estate brokerage services and operates several websites that list rental properties, including Rent.com and ApartmentGuide.com.
YTD Price Performance: 6.93%
Average Trading Volume: 4,545,400
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $1.03B
Find detailed analytics on RDFN stock on TipRanks’ Stock Analysis page.
