secwatch.observer — SEC 8-K summary
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Issuer:     ZILLOW GROUP, INC. (ZG)
CIK:        0001617640
Form:       8-K
Filed at:   2022-11-02T23:59:59+00:00
Accession:  0001617640-22-000104
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Zillow Group Q3 revenue $483M, Adj. EBITDA $130M; both above outlook; Premier Agent revenue down 13% YoY
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- Consolidated Q3 revenue from continuing ops $483M, above high end of outlook; IMT segment revenue $457M (-5% YoY), Premier Agent $312M (-13% YoY) but above outlook.
- Mortgages segment revenue $26M (-63% YoY); purchase origination volume up 24% QoQ; segment Adj. EBITDA -$27M.
- GAAP net loss from continuing ops $51M vs $18M net income YoY; consolidated Adj. EBITDA $130M, exceeding high end of outlook.
- Cash and investments $3.5B; $176M share repurchases in Q3, $674M remaining under $1.8B authorization; convertible debt $1.7B.
- iBuying wind-down complete; launched real-time tours in Atlanta; traffic 236M avg monthly unique users (+4% YoY).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1617640/000161764022000104/0001617640-22-000104-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1617640/000161764022000104/z-20221102.htm
  HTML page:      https://secwatch.observer/filing/0001617640-22-000104

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