---
schema_version: "secwatch.filing_event.v1"
accession: "0001382821-25-000004"
form_type: "8-K"
ticker: null
cik: "0001382821"
company_name: "Redfin Corp"
filed_at: "2025-02-11T23:59:59+00:00"
generated_at: "2026-05-26T23:18:32.459323+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Redfin enters rental listing deal with Zillow for $100M, plans 450 job cuts

## Summary
- Zillow will pay Redfin $100M upfront for exclusive license of multifamily rental listings (>25 units) on Redfin sites.
- Redfin to restructure rentals segment, eliminating approximately 450 roles between February and July 2025.
- Expected restructuring charges of $18M to $21M, majority recognized by Q2 2025; completion by Q3 2025.
- Content License has 5-year initial term with auto-renewal; Zillow pays Redfin per lead delivered.

## SEC filing metadata
- accession: 0001382821-25-000004
- form_type: 8-K
- cik: 0001382821
- company_name: Redfin Corp
- filed_at: 2025-02-11T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 2.05, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1382821/000138282125000004/0001382821-25-000004-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1382821/000138282125000004/rdfn-20250206.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001382821-25-000004
- JSON: https://secwatch.observer/filing/0001382821-25-000004.json
- Plain text: https://secwatch.observer/filing/0001382821-25-000004.txt

## Key facts
- Restructurings & Charges
  Redfin Corp announced a restructuring with charges of between approximately $18 million and $21 million affecting rentals segment (approximately 450 rentals employees).
  - Type: restructuring
  - Charge: between approximately $18 million and $21 million
  - Affected area: rentals segment
  - Headcount: approximately 450 rentals employees
  source text: In connection with our entry into the Content License and the Partnership Agreement, we plan to restructure our rentals segment. This restructuring primarily consists of eliminating certain employee roles within, or that support, our rentals segment between February and July, 2025. We expect this restructuring will impact approximately 450 rentals employees. We expect to incur between approximately $18 million and $21 million in total charges in connection with the restructuring.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1382821/000138282125000004/0001382821-25-000004-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.