secwatch.observer — SEC 8-K summary
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Issuer:     ZILLOW GROUP, INC. (ZG)
CIK:        0001617640
Form:       8-K
Filed at:   2023-05-03T23:59:59+00:00
Accession:  0001617640-23-000065
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1617640/000161764023000065/0001617640-23-000065-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1617640/000161764023000065/z-20230503.htm
  HTML page:      https://secwatch.observer/filing/0001617640-23-000065

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer