---
schema_version: "secwatch.filing_event.v1"
accession: "0001617640-21-000085"
form_type: "8-K"
ticker: "ZG"
cik: "0001617640"
company_name: "ZILLOW GROUP, INC."
filed_at: "2021-11-02T23:59:59+00:00"
generated_at: "2026-06-28T15:10:54.845304+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.95
calibrated_materiality_score: 0.95
confidence: "high"
source: SEC EDGAR
---

# Zillow Group to wind down Zillow Offers; Q3 net loss of $328M and $304M inventory write-down

## Summary
- Consolidated Q3 revenue $1.74B; GAAP net loss $328M vs. year-ago net income $40M.
- Zillow Offers iBuying business to be wound down due to home-price unpredictability; ~25% workforce reduction.
- Homes segment recorded $304M inventory write-down; expects $240M-$265M additional losses on homes under contract.
- IMT segment revenue grew 16% YoY to $480M and generated $130M segment profit.
- Total wind-down costs expected $175M-$230M, mostly in Q4 2021 and H1 2022.

## SEC filing metadata
- accession: 0001617640-21-000085
- form_type: 8-K
- ticker: ZG
- cik: 0001617640
- company_name: ZILLOW GROUP, INC.
- filed_at: 2021-11-02T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.95
- calibrated_materiality_score: 0.95
- confidence: high
- sec_items: 2.02, 2.05, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1617640/000161764021000085/0001617640-21-000085-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1617640/000161764021000085/z-20211102.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001617640-21-000085
- JSON: https://secwatch.observer/filing/0001617640-21-000085.json
- Plain text: https://secwatch.observer/filing/0001617640-21-000085.txt

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