secwatch.observer — SEC 8-K summary
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Issuer:     ZILLOW GROUP, INC. (ZG)
CIK:        0001617640
Form:       8-K
Filed at:   2023-02-15T23:59:59+00:00
Accession:  0001617640-23-000006
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1617640/000161764023000006/0001617640-23-000006-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1617640/000161764023000006/z-20230215.htm
  HTML page:      https://secwatch.observer/filing/0001617640-23-000006

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