secwatch.observer — SEC 8-K summary
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Issuer:     ZILLOW GROUP, INC. (ZG)
CIK:        0001617640
Form:       8-K
Filed at:   2022-08-04T23:59:59+00:00
Accession:  0001617640-22-000079
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Zillow Q2 rev $1.01B, Adj EBITDA $164M beat; IMT rev flat; Opendoor tie-up
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- Q2 revenue $1.01B (above midpoint); IMT segment rev $475M (flat YoY); Homes segment rev $505M (exceeded outlook).
- Premier Agent rev $333M (-5% YoY); Rentals rev $71M (-3%). Mortgages rev $29M (below outlook).
- GAAP net income $8M; Non-GAAP diluted EPS $0.47; Consolidated Adj EBITDA $164M (above midpoint).
- Cash & investments $3.5B; $249M share repurchases in Q2; debt down to $1.7B after paying iBuying debt.
- Multi-year partnership with Opendoor for seller cash offers; referral fee model.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1617640/000161764022000079/0001617640-22-000079-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1617640/000161764022000079/z-20220804.htm
  HTML page:      https://secwatch.observer/filing/0001617640-22-000079

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