---
schema_version: "secwatch.filing_event.v1"
accession: "0001617640-23-000108"
form_type: "8-K"
ticker: "ZG"
cik: "0001617640"
company_name: "ZILLOW GROUP, INC."
filed_at: "2023-11-01T23:59:59+00:00"
generated_at: "2026-06-09T02:43:09.882103+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Zillow Q3 revenue $496M (+3% YoY); beats guidance; acquires Follow Up Boss for $400M

## Summary
- Q3 revenue $496M, up 3% YoY and $24M above guidance midpoint; Residential revenue $362M (-3%) vs industry -14%.
- Rentals revenue $99M (+34% YoY); Mortgages revenue $24M (-8%) but purchase loan origination volume +88% YoY.
- GAAP net loss $28M; Adjusted EBITDA $107M, $30M above guidance midpoint.
- Announced acquisition of Follow Up Boss for $400M cash upon close + up to $100M earnouts over 3 years.
- Cash & investments $3.3B; $100M share repurchases in Q3; available repurchase auth $914M.

## SEC filing metadata
- accession: 0001617640-23-000108
- form_type: 8-K
- ticker: ZG
- cik: 0001617640
- company_name: ZILLOW GROUP, INC.
- filed_at: 2023-11-01T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1617640/000161764023000108/0001617640-23-000108-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1617640/000161764023000108/z-20231101.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001617640-23-000108
- JSON: https://secwatch.observer/filing/0001617640-23-000108.json
- Plain text: https://secwatch.observer/filing/0001617640-23-000108.txt

## Key facts
- Earnings Releases
  ZILLOW GROUP, INC. reported the three months ended September 30, 2023 results: revenue $496 million, net income net loss was $28 million.
  - Period: the three months ended September 30, 2023
  - Revenue: $496 million
  - Net income: net loss was $28 million
  - Result: reported results
  source text: for both movers and partners.” Recent highlights include: • Zillow Group’s third-quarter results exceeded the company’s outlook for revenue and Adjusted EBITDA. • Q3 revenue was $496 million, up 3% year over year and above the midpoint of the company’s outlook range by $24 million. ◦ Residential revenue of $362 million outperformed both the industry total transaction
  evidence_url: https://www.sec.gov/Archives/edgar/data/1617640/000161764023000108/0001617640-23-000108-index.htm

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