Transformations are never easy, especially when a company is forced to abandon its single largest source of revenue. But real estate technology giant Zillow Group (NASDAQ: Z)(NASDAQ: ZG) is thriving in that precise scenario.

The company just reported its financial results for the first quarter of 2023 (ended March 31), and it continues to make progress after winding down its iBuying (direct buying) segment over the last two years. While this resulted in a substantial decline in revenue, Zillow's business is now in a much healthier financial position.

The stock remains 77% below its all-time high, but here's why investors should consider adding it to their portfolios.

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Source Fool.com