secwatch.observer — SEC 8-K summary
======================================

Issuer:     ZILLOW GROUP, INC. (ZG)
CIK:        0001617640
Form:       8-K
Filed at:   2023-08-02T23:59:59+00:00
Accession:  0001617640-23-000088
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Zillow Q2 revenue $506M beats guidance; Adj. EBITDA $111M; announces $750M buyback
--------------------------------------------------------------------------------

- Revenue $506M, above outlook midpoint by $41M; Residential $380M (-3% YoY), Rentals $91M (+28%), Mortgages $24M (-17%).
- GAAP net loss $35M vs net income $8M in Q2 2022; Adjusted EBITDA $111M, $40M above guidance midpoint.
- Board authorized $750M share repurchase, bringing total available to $1.0B; repurchased $150M in Q2.
- Traffic: 226M MAU (-3% YoY), 2.7B visits (-8% YoY); purchase loan origination volume $336M (+73% YoY).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1617640/000161764023000088/0001617640-23-000088-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1617640/000161764023000088/z-20230802.htm
  HTML page:      https://secwatch.observer/filing/0001617640-23-000088

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