Zillow Group updates Q4 Homes revenue outlook to $2.3-2.9B; authorizes $750M buyback

ZILLOW GROUP, INC.

Sold/under contract/agreed on terms for >50% of homes expected to resell in wind-down.
Q4 2021 Homes segment revenue outlook raised to $2.3-2.9B from prior $1.7-2.1B.
Board authorized repurchase of up to $750M of Class A common stock or Class C capital stock.
Company still expects wind-down to be at least cash-flow neutral after repaying $2.9B secured debt.

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