---
schema_version: "secwatch.filing_event.v1"
accession: "0001617640-23-000006"
form_type: "8-K"
ticker: "ZG"
cik: "0001617640"
company_name: "ZILLOW GROUP, INC."
filed_at: "2023-02-15T23:59:59+00:00"
generated_at: "2026-06-19T11:25:09.625932+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Zillow Q4 revenue $435M beats outlook; net loss $72M; Premier Agent down 20% YoY

## Summary
- Consolidated Q4 revenue $435M ($2.0B FY), above outlook; GAAP net loss from cont. ops $72M vs $6M income YoY.
- IMT segment revenue $417M (-14% YoY); Premier Agent $283M (-20% but beat industry decline); Rentals $68M (+13%).
- Mortgages segment revenue $18M (-65% YoY); loan origination volume $242M (-73% due to refi collapse).
- Adjusted EBITDA from cont. ops $73M (Q4) and $514M (FY); IMT segment margin 27% (Q4) vs 46% prior year.
- Cash & investments $3.4B; repurchased $174M of stock in Q4 ($947M FY); acquired VRX Media for Listing Media Services.

## SEC filing metadata
- accession: 0001617640-23-000006
- form_type: 8-K
- ticker: ZG
- cik: 0001617640
- company_name: ZILLOW GROUP, INC.
- filed_at: 2023-02-15T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1617640/000161764023000006/0001617640-23-000006-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1617640/000161764023000006/z-20230215.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001617640-23-000006
- JSON: https://secwatch.observer/filing/0001617640-23-000006.json
- Plain text: https://secwatch.observer/filing/0001617640-23-000006.txt

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