secwatch.observer — SEC 8-K summary
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Issuer:     ZILLOW GROUP, INC. (ZG)
CIK:        0001617640
Form:       8-K
Filed at:   2022-05-05T23:59:59+00:00
Accession:  0001617640-22-000061
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Zillow Q1 revenue $4.3B, net income $16M; board authorizes additional $1B buyback
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- Revenue of $4.257B; IMT segment up 10% YoY to $490M; Homes revenue $3.7B from iBuying wind-down.
- GAAP net income $16M ($0.06 diluted EPS); Adjusted EBITDA $220M, exceeding outlook high end.
- Board authorized $1B additional share repurchase; ~$100M remains under prior $750M authorization.
- Cash and investments $3.6B, up from $3.1B in Q4 2021, after $348M in Q1 buybacks.
- Traffic: 211M monthly unique users (-5% YoY); 2.6B visits (+5% YoY).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1617640/000161764022000061/0001617640-22-000061-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1617640/000161764022000061/z-20220505.htm
  HTML page:      https://secwatch.observer/filing/0001617640-22-000061

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer