---
schema_version: "secwatch.filing_event.v1"
accession: "0001617640-23-000065"
form_type: "8-K"
ticker: "ZG"
cik: "0001617640"
company_name: "ZILLOW GROUP, INC."
filed_at: "2023-05-03T23:59:59+00:00"
generated_at: "2026-06-16T01:07:17.587701+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Zillow Q1 revenue $469M beats outlook; GAAP net loss $22M, Adjusted EBITDA $104M

## Summary
- Q1 revenue $469M, $48M above outlook midpoint; Residential revenue $361M (-14% YoY) outpaced industry decline of 27%.
- Premier Agent revenue fell 16% YoY, beating internal forecast of 23-28% decline; Rentals revenue up 21% to $74M.
- GAAP net loss $22M (vs $16M profit in prior year); Adjusted EBITDA $104M, above outlook midpoint by $48M.
- Cash and investments $3.4B, flat QoQ; repurchased $86M in stock during Q1; $414M remaining under $1.8B auth.

## SEC filing metadata
- accession: 0001617640-23-000065
- form_type: 8-K
- ticker: ZG
- cik: 0001617640
- company_name: ZILLOW GROUP, INC.
- filed_at: 2023-05-03T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1617640/000161764023000065/0001617640-23-000065-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1617640/000161764023000065/z-20230503.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001617640-23-000065
- JSON: https://secwatch.observer/filing/0001617640-23-000065.json
- Plain text: https://secwatch.observer/filing/0001617640-23-000065.txt

## Key facts
- Earnings Releases
  ZILLOW GROUP, INC. reported financial results for the three months ended March 31, 2023.
  - Period: the three months ended March 31, 2023
  - Result: reported results
  source text: Zillow Group, Inc. (“Zillow Group”) today issued a press release and a shareholder letter announcing its financial results for the fiscal quarter ended March 31, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1617640/000161764023000065/0001617640-23-000065-index.htm

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